Apollo Tyres reports consolidated net profit of Rs 292 crore, while appointing Ravi Kumar Shingari as its new Chief Financial Officer.
Apollo Tyres Limited has reported a 17% year-on-year increase in consolidated revenue to Rs 7,968 crore for the second quarter of FY2027, supported by continued growth in its Indian operations and improved performance across key business categories. Consolidated net profit also increased 13% to Rs 292 crore during the quarter ended September 30, 2026.
The company reported operating profit of Rs 855 crore for the July-September quarter. The results include an estimated pre-tax restructuring cost of Rs 26 crore, disclosed as an exceptional item.
Alongside its financial results, Apollo Tyres announced the appointment of Ravi Kumar Shingari as its Chief Financial Officer (CFO), effective November 4, 2026.
Apollo Tyres Q2 FY27 Financial Performance
Apollo Tyres’ consolidated revenue from operations stood at Rs 7,968 crore in Q2 FY2027, compared to Rs 6,831 crore in the corresponding quarter of the previous financial year.
Operating profit for the quarter was Rs 855 crore. Net profit increased to Rs 292 crore from Rs 258 crore in Q2 FY2026, marking a 13% improvement despite pressure from higher input costs and supply chain challenges.
The company attributed the growth momentum in India to its ongoing business initiatives, including rural expansion and product introductions in the commercial vehicle segment.
H1 FY27 Revenue Grows 15%
For the first half of FY2027, Apollo Tyres recorded consolidated revenue of Rs 15,366 crore, registering a 15% year-on-year increase over Rs 13,392 crore in H1 FY2026.
Operating profit for the six-month period stood at Rs 1,723 crore, while net profit increased substantially to Rs 641 crore from Rs 271 crore in the corresponding period last year.
The company noted that the H1 net profit figures include the estimated pre-tax restructuring cost of Rs 26 crore, classified as an exceptional item.
Indian Operations Drive Growth Amid Global Challenges
Commenting on the performance, Onkar Kanwar, Chairman of Apollo Tyres, said growth across categories in India was supported by sustained rural expansion efforts and the company’s strategic association with cricket.
He also highlighted the introduction of new products in the commercial vehicle segment as a factor that strengthened performance during the quarter.
However, the company continues to face external challenges. Kanwar pointed to geopolitical tensions in West Asia, which have contributed to elevated input costs and supply chain disruptions.
Ravi Kumar Shingari Appointed Apollo Tyres CFO
Apollo Tyres’ board has approved the appointment of Ravi Kumar Shingari as Chief Financial Officer, with effect from November 4, 2026. He will report directly to Neeraj Kanwar, Vice Chairman and Managing Director of the company.
Shingari joined Apollo Tyres in 2018 as Group Head of Finance and has handled responsibilities across budgeting, accounts and investor relations. He was also recently given additional responsibility for the legal function.
Before joining Apollo Tyres, he worked with KPMG for more than 16 years, where his last assignment was as Partner, Tax and Regulatory. He is a Chartered Accountant and holds a Bachelor of Commerce (Honours) degree from Shri Ram College of Commerce, University of Delhi.
Apollo Tyres operates manufacturing facilities in India and Hungary and sells products under its Apollo and Vredestein brands across more than 100 countries.
