News ArticleApollo Tyres Posts Rs. 2,922.87 Million Net Profit for Q2 FY2026; Appoints Ravi Kumar Shingari as CFO and Plans Rs. 10,000 Million NCD Issue
Board approves unaudited financial results for the quarter ended September 30, 2026, appoints new CFO effective November 4, and proposes private placement of NCDs subject to shareholder approval
Apollo Tyres Ltd announced unaudited standalone and consolidated financial results for Q2 FY2026 ending September 30, 2026, recording a consolidated net profit of Rs. 2,922.87 million. The company appointed Mr. Ravi Kumar Shingari as Chief Financial Officer effective November 4, 2026, and proposed issuing Non-Convertible Debentures worth Rs. 10,000 million via private placement, pending shareholder approval.
Apollo Tyres Ltd
Change in Management
Apollo Tyres Ltd reported a consolidated net profit of Rs. 2,922.87 million for the quarter ended September 30, 2026. The board appointed Mr. Ravi Kumar Shingari as Chief Financial Officer effective November 4, 2026, and approved raising up to Rs. 10,000 million through private placement of Non-Convertible Debentures, subject to shareholder approval.
The company recorded total consolidated revenue from operations of Rs. 79,681.50 million for the quarter, with total income including other income at Rs. 80,105.08 million. Total expenses for the period amounted to Rs. 75,876.55 million resulting in a profit before tax of Rs. 3,961.75 million after considering exceptional items.
Mr. Ravi Kumar Shingari, who joined Apollo Tyres in 2018 and currently serves as Vice President handling multiple finance and corporate functions, was appointed CFO based on committee recommendations. He has over 20 years of experience including 16 years at KPMG India and holds qualifications as a Chartered Accountant and law graduate.
The board has approved the proposal to raise funds by issuing Non-Convertible Debentures aggregating up to Rs. 10,000 million through private placement in one or more tranches. This fundraise is subject to shareholder approval through a postal ballot and is within approved borrowing limits.
The company’s quarterly and half yearly unaudited financial results along with limited review reports have been reviewed by statutory auditors and will be available on stock exchanges and the company’s website.
Highlights
- Apollo Tyres recorded Rs. 2,922.87 million net profit for Q2 ending September 30, 2026.
- Total revenue from operations for the quarter was Rs. 79,681.50 million.
- Mr. Ravi Kumar Shingari appointed as Chief Financial Officer effective November 4, 2026.
- Plan to raise up to Rs. 10,000 million via Non-Convertible Debentures through private placement.
- Fundraising subject to shareholder approval through postal ballot.
- Unaudited financial results approved by the board with limited review completed.
Key Data Snapshot
What happened
- Apollo Tyres approved unaudited standalone and consolidated financial results for Q2 and half year ended September 30, 2026.
- Reported consolidated net profit of Rs. 2,922.87 million for Q2 FY2026.
- Board appointed Mr. Ravi Kumar Shingari as Chief Financial Officer effective November 4, 2026.
- Proposed issuance of Non-Convertible Debentures aggregating up to Rs. 10,000 million via private placement.
- NCD issue subject to approval by shareholders through postal ballot.
Key details
- Consolidated revenue from operations for Q2 FY2026 was Rs. 79,681.50 million, total income Rs. 80,105.08 million.
- Total expenses for the quarter were Rs. 75,876.55 million including raw materials, employee benefits, finance costs, and depreciation.
- Exceptional items impacted profit before tax with net Rs. 268.53 million gain.
- Mr. Ravi Kumar Shingari brings over 20 years of experience with expertise in finance, taxation, and regulatory advisory.
- He holds Chartered Accountant certification and a law degree, and is a Commerce graduate from Shri Ram College of Commerce.
Funding and capital details
- Authorized to raise funds via private placement of NCDs totaling Rs. 10,000 million in multiple tranches.
- This fundraising falls under the existing borrowing limits approved by shareholders under Section 180(1)(c) of Companies Act.
- Final details of the NCD issue will be disclosed after board or committee finalisation.
- Shareholder approval is required via postal ballot for the proposed NCD issuance.
Regulatory and governance context
- Financial results have been reviewed by the statutory auditors with limited review reports issued.
- Results and related disclosures comply with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
- Company filings are published on BSE, NSE, and company website for investor access.
- Corporate governance includes appointment of CFO following nomination and audit committee recommendations.
Highlights
- Apollo Tyres recorded Rs. 2,922.87 million net profit for Q2 ending September 30, 2026.
- Total revenue from operations for the quarter was Rs. 79,681.50 million.
- Mr. Ravi Kumar Shingari appointed as Chief Financial Officer effective November 4, 2026.
- Plan to raise up to Rs. 10,000 million via Non-Convertible Debentures through private placement.
- Fundraising subject to shareholder approval through postal ballot.
- Unaudited financial results approved by the board with limited review completed.
Disclosures
- SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- Companies Act, 2013 Section 180(1)(c)
- SEBI Master Circular No. HO/49/14/14(7)2025- CFD-POD2/I/3762/2026 dated January 30, 2026
Source Information
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