Apollo Tyres Reports 13.5% Rise in Q2 Net Profit to ₹293 Crore

Apollo Tyres has reported a consolidated net profit of approximately ₹293 crore for the second quarter ended September, marking a 13.5 per cent year-on-year increase compared to ₹258 crore in the corresponding period of the previous financial year. The company attributed the performance to healthy demand across markets.

Consolidated revenue from operations for the quarter rose by 16.6 per cent to ₹7,968 crore, up from ₹6,831 crore recorded in the July-September period of the previous fiscal year. The reported net profit includes an estimated pre-tax restructuring cost of ₹26 crore, which was disclosed as an exceptional item.

Commenting on the operational performance, Onkar Kanwar, Chairman, Apollo Tyres, noted that growth across various categories in India was supported by ongoing rural expansion efforts. Additionally, the introduction of new products in the commercial vehicle segment helped strengthen results during the quarter. However, the company pointed out that geopolitical tensions in West Asia continue to present a headwind, leading to elevated input costs and supply chain disruptions.

For the first half (H1) of the financial year, the company registered a consolidated net profit of ₹641 crore, compared to ₹271 crore in the same period last fiscal. Revenue from operations for the H1 period increased by 15 per cent year-on-year to reach ₹15,366 crore, up from ₹13,392 crore.

In leadership developments, the Board of Directors has approved the appointment of Ravi Kumar Shingari as the Chief Financial Officer, effective November 4, 2026. Shingari joined Apollo Tyres in 2018 as Group Head of Finance and has previously managed responsibilities spanning budgeting, accounts, investor relations, and legal operations.

Following the financial announcement, shares of Apollo Tyres closed at ₹402.65 apiece on the Bombay Stock Exchange (BSE) on Wednesday, registering a 1.62 per cent increase from the previous close.

"Apollo Tyres' steady growth in both revenue and net profit demonstrates resilient demand in domestic markets, particularly through rural expansion and commercial vehicle segments. While macroeconomic headwinds like geopolitical tensions and supply chain pressures continue to impact input costs, disciplined financial management and strategic leadership transitions are critical for sustaining long-term margins. This performance highlights the importance of adaptability and localized market penetration in navigating complex operational environments." — Dr. Shishir Gupta, Founder & CEO, StartupLanes