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Apollo Tyres Posts Rs. 2,922.87 Million Profit in Q2 2026, Appoints New CFO and Plans Rs. 10,000 Million Debt Raise

Board meeting on November 4, 2026 also approved issuance of NCDs via private placement subject to shareholder approval

Apollo Tyres announced its unaudited consolidated financial results for the quarter and half year ended September 30, 2026, reporting a profit of Rs. 2,922.87 million for Q2. The company appointed Ravi Kumar Shingari as Chief Financial Officer effective November 4, 2026, and proposed raising Rs. 10,000 million via non-convertible debentures through private placement, subject to shareholder approval.

1 day ago|APOLLOTYRE+4.09%
Apollo Tyres Ltd.APOLLOTYREFinancial Results

Apollo Tyres Ltd.

Financial Results

Apollo Tyres reported a net profit of Rs. 2,922.87 million for the quarter ended September 30, 2026. The company appointed Mr. Ravi Kumar Shingari as Chief Financial Officer effective November 4, 2026, and announced plans to raise Rs. 10,000 million through non-convertible debentures via private placement, pending shareholder approval.

The Board of Directors approved the unaudited standalone and consolidated financial results for Q2 and half year ended September 30, 2026. The company posted total income of Rs. 80,105.08 million for the quarter, with total expenses of Rs. 75,876.55 million, resulting in a profit before tax of Rs. 3,961.75 million after exceptional items.

The quarter's earnings per share were Rs. 4.62 (basic and diluted) based on a paid-up equity capital of Rs. 635.10 million.

Mr. Ravi Kumar Shingari, who has been with Apollo Tyres since 2018 and holds extensive experience in finance and taxation, was appointed as the new Chief Financial Officer effective November 4, 2026. He brings over two decades of experience including a tenure as partner at KPMG India.

The Board also decided to raise funds by issuing non-convertible debentures aggregating up to Rs. 10,000 million through private placement. This fundraising is subject to shareholder approval via postal ballot and will be within existing borrowing limits under Section 180(1)(c) of the Companies Act, 2013.

The financial results along with auditors' limited review reports and other disclosures will be published on stock exchange websites and the company website as required under SEBI regulations.

Highlights

  • Net profit of Rs. 2,922.87 million reported for Q2 ended September 30, 2026.
  • Appointed Mr. Ravi Kumar Shingari as CFO effective November 4, 2026.
  • Plan to raise Rs. 10,000 million via non-convertible debentures through private placement.
  • Fundraise subject to shareholder approval via postal ballot.
  • Total income for the quarter at Rs. 80,105.08 million with earnings per share of Rs.4.62.
  • Board meeting held on November 4, 2026, concluded in under two hours.

Key Data Snapshot

Profit for the quarter ended September 30, 2026Rs. 2,922.87 million
Total income for the quarter ended September 30, 2026Rs. 80,105.08 million
Earnings per equity share (face value Rs.1) - Basic and DilutedRs. 4.62
Paid-up equity share capitalRs. 635.10 million
Proposed fundraise via Non-Convertible DebenturesRs. 10,000 million
CFO Appointment effective dateNovember 4, 2026

What happened

  • Apollo Tyres reported its unaudited consolidated financial results for Q2 and half year ended September 30, 2026.
  • The company recorded a net profit of Rs. 2,922.87 million for the quarter.
  • Mr. Ravi Kumar Shingari was appointed Chief Financial Officer effective November 4, 2026.
  • The Board approved raising Rs. 10,000 million through non-convertible debentures by private placement, subject to shareholder approval.

Key details

  • Total income for the quarter was Rs. 80,105.08 million, with total expenses of Rs. 75,876.55 million.
  • Exceptional items amounted to Rs. 268.53 million for the quarter.
  • Earnings per share were Rs. 4.62 based on paid-up equity of Rs. 635.10 million.
  • Mr. Shingari has over two decades of experience, including as a partner at KPMG India.
  • NCD issuance will be within approved borrowing limits under Section 180(1)(c) of the Companies Act, 2013.

Funding and capital details

  • The proposed issue of Non-Convertible Debentures (NCDs) will be in one or more tranches.
  • The fundraise requires shareholder approval through postal ballot.
  • The borrowing will be within the company's authorized limits.
  • Details of the final terms will be provided by the Board or its committee after finalisation.

Regulatory and governance context

  • The appointment of the new CFO follows recommendations by the Nomination and Remuneration Committee and Audit Committee.
  • Financial results are published pursuant to SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
  • A certificate of security cover pursuant to Regulation 54 and limited review reports by statutory auditors are included with the financial results submission.

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Apollo Tyres Posts Rs. 2,922.87 Million Profit in Q2 | Stockk News