Apollo Tyres Ltd reported a consolidated net profit of ₹3,488.72 million for the quarter ended June 30, 2026, marking a significant turnaround from the ₹128.78 million profit recorded in the same quarter last year. Revenue from operations grew to ₹73,977.90 million, up from ₹65,607.59 million in Q1FY25, driven by strong performance in the APMEA segment which contributed ₹55,287.49 million. The company’s operating margin stood at 11.73%, compared to 13.23% in the prior year period, while net profit margin expanded to 4.72% from 0.20%. Alongside the financial results, the Board approved the resignation of Gaurav Kumar as Whole-time Director and member of the Risk Management Committee, effective August 6, 2026, as he pursues new professional challenges.

The Board of Directors met on August 6, 2026, to approve the unaudited standalone and consolidated financial results pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The results were reviewed by the Audit Committee on August 5, 2026. S.R. Batliboi & Co. LLP, the statutory auditors, issued their limited review report on the interim financial information in accordance with Standard on Review Engagements (SRE) 2410. The company also submitted a Certificate of Security Cover under Regulation 54, confirming compliance with debt covenants for its listed non-convertible debentures.

Consolidated total income reached ₹74,561.21 million, supported by other income of ₹583.31 million. Total expenses were ₹70,120.26 million, including finance costs of ₹914.70 million and depreciation and amortisation of ₹3,907.35 million. Profit before tax was ₹4,676.93 million, aided by exceptional items of ₹235.36 million, primarily from an interim distribution received from IL&FS Financial Services Ltd. Tax expense for the quarter was ₹1,188.21 million. Standalone net profit was ₹3,042.49 million, compared to ₹2,221.57 million in Q1FY25.

Segment-wise, APMEA delivered a result of ₹4,824.25 million, while Europe contributed ₹151.77 million. The 'Others' segment reported ₹379.63 million. Total segment assets amounted to ₹303,873.99 million, with liabilities at ₹129,636.54 million. The debt equity ratio remained stable at 0.16 times, and the current ratio was 1.31 times. Earnings per share (basic) were ₹5.52, a substantial rise from ₹0.20 in the previous year.

Key Financial Metrics

What the Numbers Show

The surge in net profit is largely attributable to the absence of significant exceptional charges that impacted the prior year periods, combined with improved operational efficiency. In FY25, the company had recognized one-time exceptional expenses related to employee restructuring and plant closures in Europe. The current quarter’s exceptional gain of ₹235.36 million from IL&FS further boosted bottom-line results. While operating margins contracted slightly due to higher material costs, the expansion in net margin highlights effective cost control and favorable tax dynamics following the adoption of the concessional tax regime.

Gaurav Kumar, who served as Chief Financial Officer and Whole-time Director for over 22 years, will continue in his CFO role temporarily to ensure a smooth transition. His departure marks a significant leadership change after his long tenure. The company confirmed there are no other material reasons for his resignation. Shareholders are advised to monitor future announcements regarding the appointment of a successor to the Whole-time Director position.

Apollo Tyres Ltd will host a conference call for analysts and investors on Friday, August 7, 2026, at 3:30 PM IST. The session aims to discuss the financial and operational performance of the company for the first quarter of fiscal year 2027 (Q1FY27). This disclosure ensures stakeholders have access to management commentary regarding the latest quarterly results.

The announcement was made pursuant to Regulation 30(6) and Regulation 46(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Seema Thapar, Company Secretary & Compliance Officer, signed the intimation dated July 30, 2026. The company noted that the schedule is subject to changes in case of exigencies on the part of investors or the company.

Conference Details

Post-Call Disclosures

Following the conference call, the transcript of the discussion will be submitted to the stock exchanges. It will also be placed on the company’s official website, www.apollotyres.com , for public access. This process aligns with regulatory requirements for timely dissemination of material information to investors.