Apollo Tyres Ltd. announced its financial results for the quarter and half-year ended September 30, 2026. The company also approved an un-audited financial results, the appointment of Mr. Ravi Kumar Shingari as Chief Financial Officer, and a plan to raise funds up to ₹10,000 million through Non-Convertible Debentures via private placement. The financial results show a robust performance across key metrics, reflecting the company’s operational efficiency and market position.
Apollo Tyres Reports Strong Q2 FY27 Performance
Apollo Tyres Ltd. has announced its unaudited financial results for the second quarter and the first half of the financial year ending September 30, 2026. The Board of Directors, in its meeting held on November 4, 2026, reviewed and approved these results, highlighting a positive operational and financial trajectory for the company.
Key Financial Highlights
The financial statements reveal that for the quarter ended September 30, 2026, revenue from operations stood at ₹79,681.50 million. Total income for the quarter was ₹80,105.08 million. Profit before tax was ₹3,961.75 million, leading to a profit for the period of ₹2,922.87 million. The comprehensive income for the quarter was ₹2,841.80 million. For the half-year ended September 30, 2026, revenue from operations reached ₹153,659.40 million, with total income at ₹154,666.29 million. Profit before tax for the half-year was ₹8,638.68 million, and profit for the period was ₹6,411.59 million. Total comprehensive income for the half-year stood at ₹9,895.03 million.
Significant Corporate Actions Approved
In addition to the financial results, the Board of Directors approved several key corporate actions:
Appointment of Chief Financial Officer
Mr. Ravi Kumar Shingari has been appointed as the Chief Financial Officer (CFO) of the Company, effective November 4, 2026. This appointment, based on recommendations from the Nomination and Remuneration Committee and the Audit Committee, positions Mr. Shingari as a Key Managerial Personnel. His extensive experience, including over 16 years at KPMG India and his current role as Vice President – Accounts, Tax, Budgeting, Finance, Legal & Investor Relations at Apollo Tyres, is expected to be invaluable.
Fundraising via Non-Convertible Debentures
Apollo Tyres Ltd. plans to raise funds aggregating up to ₹10,000 million (approximately ₹10,000 crore) by issuing Non-Convertible Debentures (NCDs). These NCDs will be allotted in one or more tranches through a private placement mechanism, within the existing borrowing limits approved by shareholders. The issuance is subject to shareholder approval via a postal ballot, demonstrating a strategic move to bolster the company’s capital structure and financial flexibility.
Consolidated Financials and Disclosures
The company also provided an extract of the unaudited consolidated financial results for the quarter and half-year ended September 30, 2026, which will be published in newspapers. The full financial statements are available on the websites of the stock exchanges (NSE and BSE) and the company’s official website. The limited review reports from Statutory Auditors have been enclosed, confirming the accuracy and adherence to accounting standards.
Source: BSE
