Apollo Tyres Q2 revenue rises to Rs 7,968 crore, profit Rs 292 crore

Apollo Tyres Ltd reported consolidated total income from operations of Rs 7,968.15 crore for the quarter ended September 30, 2026, while net profit after tax and exceptional items reached Rs 292.287 crore. Revenue was Rs 1,137.06 crore higher than in the year-earlier quarter, and net profit increased from Rs 258.047 crore.

What were Apollo Tyres' consolidated Q2 results?

Apollo Tyres reported consolidated total income from operations of Rs 7,968.15 crore in the quarter ended September 30, 2026, compared with Rs 6,831.09 crore in the quarter ended September 30, 2025. The increase of Rs 1,137.06 crore came alongside net profit after tax and exceptional items of Rs 292.287 crore, up from Rs 258.047 crore a year earlier.

Earnings per share, or EPS, were Rs 4.62 on both a basic and diluted basis in the September 2026 quarter, compared with Rs 4.07 in the corresponding 2025 quarter. Paid-up equity share capital remained Rs 63.510 crore in both periods, with the company reporting equity shares of Rs 1 each.

Total comprehensive income was Rs 284.180 crore in the September 2026 quarter, compared with Rs 567.540 crore in the September 2025 quarter. The published extract defines total comprehensive income as profit after tax plus other comprehensive income after tax, but does not provide the separate components behind the change.

How did Apollo Tyres' profit measures change in Q2?

Apollo Tyres' profit before tax and exceptional items declined to Rs 423.028 crore in the September 2026 quarter from Rs 566.121 crore in the September 2025 quarter. This Rs 143.093 crore reduction occurred even as consolidated income from operations rose by Rs 1,137.06 crore year on year.

Profit before tax after exceptional items rose to Rs 396.175 crore from Rs 386.084 crore a year earlier. The gap between profit before tax before and after exceptional items was Rs 26.853 crore in the latest quarter, compared with Rs 180.037 crore in the prior-year quarter; the results extract does not identify the exceptional items.

Net profit after tax and exceptional items increased by Rs 34.240 crore to Rs 292.287 crore for the quarter ended September 30, 2026. The difference between the latest quarter's profit before tax after exceptional items of Rs 396.175 crore and profit after tax of Rs 292.287 crore was Rs 103.888 crore, though the extract does not present a separate tax-expense line.

How did Apollo Tyres' debt and net worth change?

Apollo Tyres reported paid-up debt capital of Rs 4,316.033 crore at September 30, 2026, compared with Rs 3,453.437 crore at September 30, 2025 and Rs 2,631.713 crore at March 31, 2026. The September 2026 balance was therefore Rs 862.596 crore above the year-earlier level and Rs 1,684.320 crore above the audited March 2026 balance.

Net worth was Rs 17,553.160 crore at September 30, 2026, versus Rs 15,532.765 crore a year earlier and Rs 16,715.167 crore at March 31, 2026. The debt-equity ratio was 0.25 times at September 30, 2026, compared with 0.22 times at September 30, 2025 and 0.16 times at the March 2026 year-end.

The debt service coverage ratio was 5.96 times at September 30, 2026, compared with 3.13 times a year earlier and 4.04 times at March 31, 2026. Interest service coverage was 7.72 times, below 9.60 times in September 2025 and 11.87 times at March 2026; the filing states that the coverage ratios are based on trailing twelve months, or TTM.

How did Apollo Tyres' standalone results compare with consolidated results?

Apollo Tyres' standalone total income from operations was Rs 5,921.657 crore in the September 2026 quarter, against consolidated income from operations of Rs 7,968.15 crore. The Rs 2,046.493 crore difference reflects the higher reported consolidated figure, although the extract does not identify the entities or adjustments behind it.

Standalone income from operations rose from Rs 4,714.912 crore in the September 2025 quarter to Rs 5,921.657 crore in September 2026, an increase of Rs 1,206.745 crore. Over the same period, consolidated income increased by Rs 1,137.06 crore, making the reported standalone increase Rs 69.685 crore larger.

Standalone net profit after tax and exceptional items was Rs 275.724 crore in the September 2026 quarter, compared with Rs 277.186 crore a year earlier. Standalone profit before tax after exceptional items declined to Rs 376.331 crore from Rs 429.978 crore, while consolidated net profit increased by Rs 34.240 crore.

What did Apollo Tyres report for the first half of FY27?

Apollo Tyres reported consolidated total income from operations of Rs 15,365.940 crore for the half year ended September 30, 2026. Consolidated profit before tax and exceptional items was Rs 867.185 crore, profit before tax after exceptional items was Rs 863.868 crore, and net profit after tax and exceptional items was Rs 641.159 crore.

Half-year EPS was Rs 10.14 on both a basic and diluted basis for the six months ended September 30, 2026. For comparison, the audited financial year ended March 31, 2026 recorded basic EPS of Rs 21.66 and diluted EPS of Rs 21.65, while the September half-year figures were unaudited.

Standalone income from operations for the half year ended September 30, 2026 was Rs 11,383.526 crore, and standalone net profit after tax and exceptional items was Rs 579.973 crore. Standalone profit before tax after exceptional items was Rs 784.279 crore, compared with consolidated profit before tax after exceptional items of Rs 863.868 crore for the same six-month period.

Conclusion

Apollo Tyres recorded higher consolidated revenue and net profit in the quarter ended September 30, 2026, with income from operations reaching Rs 7,968.15 crore and net profit reaching Rs 292.287 crore. However, profit before tax before exceptional items fell by Rs 143.093 crore year on year, while paid-up debt capital rose to Rs 4,316.033 crore and the debt-equity ratio reached 0.25 times.

What to watch next is whether the difference between revenue growth and profit before tax before exceptional items continues, and whether paid-up debt capital changes from the September 30, 2026 level. The filing also leaves the composition of exceptional items undisclosed, despite a Rs 26.853 crore gap between the latest quarter's two reported pre-tax profit measures.