Apollo Tyres reports strong second quarter

Gurugram, India – Apollo Tyres Ltd has reported strong results for the second quarter and first half of its financial year 2025-26, which started 1 April.

Over the quarter ended 30 Sept, revenue grew 6% year-on-year to INR68.3 billion (€670 million), while operating profit increased 16% to INR10.2 billion, reported Apollo 14 Nov.

Second quarter net profit came in at INR2.6 billion, down from nearly INR3 billion last year.

For the first half, sales were up 5% year-over-year at INR134 billion while operating profit increased 6% to INR19 billion.

Net profit for the six months was more than halved from INR6 billion to INR3 billion, reflecting estimated pre-tax cost of restructuring.

The Indian group reported positive revenue growth from both Indian and European operations in the second quarter, as well as, in the first half of the fiscal.

“Favourable monsoon conditions, coupled with the Indian government’s recent initiatives to rejuvenate the rural economy, drove positive growth in both the OEM and replacement segments during the past quarter,” said chairman Onkar Kanwar.

Additionally, recent automotive tax cuts in India further stimulated demand across market segments in the country.

In Europe, Kanwar said, performance “remained consistent with overall market growth.”