Earnings Review
Apollo Tyres Q3 consol PAT up 40% YoY, misses Street view
This story was originally published at 20:44 IST on 4 February 2026
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--Apollo Tyres interim dividend record date is Feb 10
--Apollo Tyres to pay INR 3.5 per share interim dividend
--Apollo Tyres to invest INR 58 bln on capex at Andhra plant
--Apollo Tyres Apr-Dec consol revenue INR 211.3 bln vs INR 197.0 bln yr ago
--Apollo Tyres Apr-Dec consol PAT INR 7.41 bln vs INR 9.37 bln year ago
--Apollo Tyres Oct-Dec consol revenue INR 77.43 bln vs INR 69.28 bln yr ago
--Apollo Tyres Oct-Dec consol PAT INR 4.71 bln vs INR 3.37 bln year ago
--Analysts saw Apollo Tyres Oct-Dec consol revenue INR 75.75 bln
--Apollo Tyres Oct-Dec consol revenue INR 77.43 bln
--Analysts saw Apollo Tyres Oct-Dec consol net profit INR 5.35 bln
--Apollo Tyres Oct-Dec consol net profit INR 4.71 bln
By Narayana Krishna
HYDERABAD – Apollo Tyres Ltd. Wednesday reported consolidated net profit of INR 4.7 billion for the December quarter, up nearly 40% on year and 82% sequentially, but lower than the analyst estimates. Analysts had estimated the company's net profit at INR 5.35 billion. However, Apollo Tyres profit growth was better than for the last eight quarters.
The tyre maker's consolidate revenue for the December quarter rose 11.8% on year and 13.4% on quarter to INR 77.4 billion, above the Street estimates of INR 75.75 billion. Apollo Tyres December earnings performance was boosted by weak rubber prices and appreciation in the euro coupled with robust demand in the domestic market.
Apollo Tyres manufactures and sells a wide range of automotive tyres for as passenger car, truck-bus, and agriculture tyres under the Apollo and Vredestein brands across over 100 countries.
Apollo Tyres revenue from Asia Pacific, West Asia, and Africa region, which include India, for the quarter was INR 52.1 billion compared with INR 46.1 billion a year ago. Revenue from Europe for the quarter improved to INR 26.4 billion from INR 23.7 billion.
Apollo Tyres reported nearly 9% on-year rise in its total expenses to INR 70.4 billion. The company reported INR 271.4 million as exceptional costs for the December quarter related to implementation of labour codes as well as settlement with staff in some of its subsidiary companies.
The company's other expenses for the quarter rose 22.7% on year to INR 13.9 billion. Finance cost for the quarter declined 9.4% on year to INR 1 billion. The raw material costs increased 2% on year to INR 32.9 billion. Apollo Tyres board approved investing INR 58 billion on expanding its manufacturing capacity of passenger radial car tyres and truck-bus radial tyres at its facility in Andhra Pradesh.
The board approved an interim dividend of INR 3.5 per share and fixed record date at Feb.10. For Apr-Dec, Apollo Tyres reported consolidated net profit of INR 7.41 billion on revenue of INR 211.3 billion. On Wednesday, shares of the Apollo Tyres ended at INR 512.65 on the National Stock Exchange, up 1.5% from its previous close. End
Edited by Akul Nishant Akhoury
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