Apollo Tyres Q4 FY26 PAT jumps 242% to Rs 631 cr

What Apollo Tyres reported for Q4 FY26

Apollo Tyres Ltd reported a sharp rise in consolidated profit for the quarter ended March 31, 2026 (Q4 FY26). Consolidated net profit came in at Rs 630.97 crore, up 241.76% year-on-year (YoY) from Rs 184.62 crore in the same quarter last year. Consolidated revenue from operations rose 14.19% YoY to Rs 7,335.67 crore, compared with Rs 6,423.59 crore a year ago. The company disclosed the numbers in a regulatory filing cited by PTI from New Delhi dated May 14.

Deferred tax remeasurement cited as a key driver

The filing cited by PTI linked the profit jump to gains from remeasuring deferred tax liabilities. This kind of accounting gain can materially lift reported profit even when operating performance is steadier. The same report also stated exceptional items of Rs 370.20 crore during the quarter. These items help explain why the bottom line moved sharply in a single quarter.

Profit before tax and exceptional items: differing figures across reports

The provided source text contains two different figures for profit before exceptional items and tax for Q4 FY26. One section states profit before exceptional items and tax stood at Rs 617.78 crore in Q4 FY26 versus Rs 378.75 crore in the year-ago quarter. Another section, attributed to the regulatory filing (PTI), says profit before exceptional items and tax fell 11.88% YoY to Rs 408.56 crore in Q4 FY26. Because both numbers appear in the provided material, readers should treat this as a discrepancy across reports and rely on the company’s final filed statement for the definitive metric.

Full-year FY26: profit up 22%, revenue up 9%

For the full financial year FY26, Apollo Tyres reported a 22.39% rise in consolidated net profit to Rs 1,372.42 crore. In FY25, consolidated net profit was Rs 1,121.32 crore. Consolidated revenue from operations for FY26 increased 8.98% to Rs 28,470.60 crore, compared with Rs 26,123.42 crore in FY25. The FY25 revenue figure is also reflected elsewhere in the text as INR 261.23 billion, which equals Rs 26,123 crore.

How this compares with FY25’s weaker Q4 base

The sharp YoY jump in Q4 FY26 profit also sits against a weak base for Q4 FY25 in some reports. One section states Apollo Tyres’ Q4 FY25 net profit fell 47.8% YoY to Rs 85 crore despite revenue rising 2.6% to Rs 6,424 crore. In that same Q4 FY25 context, EBITDA was reported at Rs 837 crore versus Rs 1,029 crore a year ago, with EBITDA margin at 13% versus 16.4% (a 341 basis-point contraction). These FY25 figures are separate from the FY26 filing numbers but provide context for why YoY comparisons can look extreme when the prior-year quarter saw profitability pressure.

Market focus and the stock’s last reported close

Apollo Tyres shares were noted as being in focus following earnings-related updates. The provided text also states that on Wednesday, Apollo Tyres shares closed flat at Rs 475.25 on the BSE. The close offers a reference point for how the market was pricing the company just ahead of the latest results-related attention.

Additional operational snapshots mentioned in the source text

Beyond Q4 FY26, the source text includes an operating profit datapoint for another period: operating profit of Rs 868 crore for the quarter ended June 30, 2025, down 4.51% from Rs 909 crore in the same period a year ago. This indicates that operating metrics have not moved uniformly across quarters, even as reported net profit can swing with exceptional items or tax-related remeasurement impacts.

Geographic mix: India remains the key revenue base

One section notes that as of 2024, Apollo Tyres generated 87% of revenues from India, 11% from Europe, and 2% from other countries. This mix matters for investors tracking demand conditions across markets, and for understanding how currency, input costs, and regional pricing dynamics can influence consolidated results.

Key numbers at a glance

Why the Q4 FY26 print matters for investors

The Q4 FY26 result highlights how tax remeasurement and exceptional items can significantly affect reported profit in a single quarter. Revenue growth of 14.19% YoY provides a clearer read on the quarter’s topline trajectory than profit alone, especially when one-off accounting gains are involved. The FY26 full-year numbers, with revenue up 8.98% and profit up 22.39%, indicate profit growth outpacing revenue growth during the year, although the underlying drivers should be assessed alongside disclosures on exceptional items and tax impacts.

Conclusion

Apollo Tyres reported Q4 FY26 net profit of Rs 630.97 crore on revenue of Rs 7,335.67 crore, with the company citing gains from remeasuring deferred tax liabilities and reporting exceptional items during the quarter. For FY26, consolidated net profit rose to Rs 1,372.42 crore and revenue increased to Rs 28,470.60 crore. The next set of regulatory updates and management commentary will be important for investors to separate recurring operating trends from one-off impacts reflected in quarterly profit.