Auto Parts

Apollo Tyres reports 17% Q2 revenue growth, names new CFO

Consolidated revenue rose to Rs 7,968 crores in the September quarter, while net profit increased 13% and the board approved Ravi Kumar Shingari as finance chief.

Soren LindbergNovember 5, 20265 min read0 views
A passenger-car tire stands in the foreground of a tire production floor, with curing equipment and stacked tires behind it, in a conceptual editorial image.

Apollo Tyres Ltd's board approved unaudited consolidated financial results for the quarter ended September 30, 2026, and the first half of fiscal 2026-27, reporting double-digit revenue growth and a change at the chief financial officer position.

Second-quarter results

For the July-to-September quarter, Apollo reported growth in revenue and net profit on a consolidated basis. The company said its Indian Operations carried strong revenue growth momentum into the quarter, reflecting the effectiveness of its growth initiatives.

  • Revenue from operations rose 17% year on year to Rs 7,968 crores from Rs 6,831 crores.
  • Operating profit was Rs 855 crores.
  • Net profit increased 13% to Rs 292 crores from Rs 258 crores, including an estimated pre-tax restructuring cost of Rs 26 crores disclosed as an exceptional item.

First-half results

For April to September, consolidated revenue and net profit also increased from the same period a year earlier. The half-year result included the same estimated pre-tax restructuring cost.

  • Revenue from operations was Rs 15,366 crores, up 15% from Rs 13,392 crores.
  • Operating profit was Rs 1,723 crores.
  • Net profit was Rs 641 crores, compared with Rs 271 crores a year earlier.

India growth and West Asia pressure

Chairman Onkar Kanwar said growth across categories in India had been supported by sustained rural expansion and the company's strategic association with cricket. He added that new product launches in the commercial vehicle segment in India strengthened performance during the past quarter. Kanwar also said geopolitical tensions in West Asia remained a headwind, resulting in elevated input costs and supply chain disruptions.

CFO appointment

The board approved the appointment of Ravi Kumar Shingari as chief financial officer, effective November 4, 2026. Shingari joined Apollo Tyres in 2018 as group head, finance, and has held responsibilities across budgeting, accounts and investor relations; more recently, he was given additional responsibility for legal.

Before Apollo Tyres, Shingari spent more than 16 years at KPMG, where his last assignment was partner, tax and regulatory. He is a chartered accountant with a bachelor's degree in commerce, B.Com (H), from Shri Ram College of Commerce, Delhi University. In the CFO role, he will report directly to Neeraj Kanwar, vice chairman and managing director.