Apollo Tyres Q2 Profit Jumps 13% To ₹292 Crore, Revenue Races Past ₹7,968 Crore Even As Margins Face Pressure
Mumbai: Apollo Tyres Limited reported a 13.3 percent year-on-year increase in consolidated net profit to Rs 292.29 crore for the second quarter ended September 30, 2026, compared with Rs 258.05 crore in the corresponding quarter last year. The tyre manufacturer's revenue from operations climbed 16.6 percent to Rs 7,968.15 crore from Rs 6,831.09 crore, according to its unaudited financial results…
Apollo Tyres reported a 13.3% increase in net profit for Q2 ended September 30, 2026, reaching ₹292.29 crore compared to ₹258.05 crore in the previous year. Revenue from operations rose 16.6% to ₹7,968.15 crore from ₹6,831.09 crore. However, total expenses grew 20.5% to ₹7,587.66 crore, reflecting quicker expense growth than revenue.
Profit before tax increased marginally to ₹396.18 crore from ₹386.08 crore. On a quarter-over-quarter basis, net profit fell 16.2% from ₹348.87 crore, while revenue grew 7.7% from ₹7,397.79 crore. Operating margin narrowed to 10.73% from 11.73% a quarter earlier and 14.94% a year ago. For the half-year ending September 2026, consolidated net profit reached ₹641.16 crore, up from ₹270.93 crore in the same period last year.
Half-year revenue expanded to ₹15,365.94 crore from ₹13,391.85 crore, while profit before tax rose to ₹863.87 crore from ₹424.44 crore. The Asia-Pacific, Middle East, and Africa segment generated ₹5,973.23 crore in revenue, compared to ₹4,822.78 crore a year earlier. European segment revenue was ₹2,155.57 crore, down from ₹2,190.56 crore previously.
Apollo Tyres approved raising up to ₹1,000 crore through non-convertible debentures, subject to shareholder approval, and appointed Ravi Kumar Shingari as Chief Financial Officer, effective November 4, 2026.
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