The tyre maker posted a consolidated net profit of ₹348.9 crore, compared with ₹12.9 crore in the corresponding quarter last year. Revenue from operations rose 12.8% year-on-year to ₹7,397.8 crore, reflecting steady demand across its domestic and international businesses.
Operating performance, however, was more measured. EBITDA remained broadly flat at ₹868 crore, while the operating margin declined to 11.7% from 13.2% a year earlier, indicating continued pressure on profitability despite higher sales.
The sharp improvement in earnings was aided by a significantly exceptional impact. The company recorded an exceptional gain of ₹24 crore during the quarter, compared with an exceptional loss of ₹370 crore in the year-ago period, supporting the strong year-on-year rise in reported profit.
Ahead of the earnings announcement, Apollo Tyres shares ended the session marginally higher on the NSE.
Alongside the results, the company announced the resignation of Gaurav Kumar as Whole-time Director with effect from the close of business on August 6, 2026, as he pursues opportunities outside the organisation. He will, however, continue as Chief Financial Officer for a transition period to ensure a smooth handover.
The June-quarter numbers come after a particularly strong finish to FY26. In the March quarter, Apollo Tyres had reported a 241% jump in consolidated profit to ₹631 crore, supported by a one-time tax benefit following the proposed adoption of the concessional corporate tax regime. The company had recognised a ₹574 crore gain from the remeasurement of deferred tax liabilities, while revenue grew 14% and operating margin improved to 14.6%.Also Read: NCC Q1 Results: Profit rises 13% as order book crosses ₹81,200 crore
Apollo Tyres is one of India’s leading tyre manufacturers, producing tyres for passenger vehicles, commercial vehicles, two-wheelers and off-highway applications, with a significant presence across domestic and international markets.
