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Informist, Thursday, May 14, 2026

 

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--Apollo Tyres Jan-Mar consol PAT INR 6.31 bln vs INR 1.85 bln year ago 
--Analysts saw Apollo Tyres Jan-Mar consol net profit INR 4.17 bln 
--Apollo Tyres Jan-Mar consol revenue INR 73.36 bln vs INR 64.24 bln yr ago 
--Analysts saw Apollo Tyres Jan-Mar consol revenue INR 74.56 bln 
--Apollo Tyres Jan-Mar net profit includes one-time cost INR 4.56 bln 
--Apollo Tyres to pay INR 2.50 per share final dividend 
--Apollo Tyres FY26 consol PAT INR 13.72 bln vs INR 11.21 bln year ago 
--Apollo Tyres FY26 consol revenue INR 284.71 bln vs INR 261.23 bln year ago 
--Apollo Tyres Q4 consol raw material cost INR 34.80 bln vs INR 32.27 bln 
--Apollo Tyres Jan-Mar profit excluding exceptional cost INR 10.87 bln 
--Apollo Tyres Q4 tax credit INR 4.69 bln vs tax outgo INR 752.79 mln yr ago 
--Apollo Tyres Q4 Asia-Pacific, West Asia, Africa revenue INR 53.46 bln 
--Apollo Tyres Q4 consol Europe revenue INR 21.80 bln vs INR 18.91 bln yr ago 
--Apollo Tyres Jan-Mar consol operating margin 14.57% vs 13.04% yr ago 

 

By Prateem Rohanekar

 

MUMBAI – Apollo Tyres Ltd. Thursday posted a sharp year-on-year rise in net profit for the March quarter, thanks to a large tax write-back after the company opted for the concessional tax regime, which reduced the effective tax rate for it. This helped the net profit to exceed expectations, but the revenue growth was below expecations despite being the highest in 11 quarters.

 

For the March quarter, on a consolidated basis, Apollo Tyres reported a net profit of INR 6.31 billion, up 242% on year. The company recognised a deferred tax write-back of INR 5.74 billion owing to the shift to a lower tax rate. It also had a one-time cost of INR 4.56 billion on an impairment charge by subsidiary Apollo Tyres (NL) B.V. Excluding the deferred tax write-back and the impairment charge, the company's adjusted net profit would have been INR 5.12 billion, still higher than analysts' expectations of INR 4.17 billion. 

 

The company's revenue for the reporting quarter was INR 73.36 billion, up over 14% on year. Analysts had estimated the company's revenue at INR 74.56 billion.

 

Apollo Tyres also reported its highest year-on-year expenses in eight quarters at INR 67.53 billion, a year-on-year rise of over 11%. Cost of materials consumed by the company rose nearly 8% to INR 34.80 billion, accounting for almost 50% of its total expenses.

 

Apollo Tyres's revenue from the Asia-Pacific, West Asia, and Africa in the March quarter was INR 53.46 billion, up 15% on year. The company's revenue from Europe for the reporting quarter was INR 21.80 billion, up over 15% on year. The company's operating margin for the March quarter was 14.57%, up from 13.04% in the year-ago quarter.

 

Apollo Tyres will pay a final dividend of INR 2.50 for the financial year 2025-26 (Apr-Mar). For FY26, the company reported a consolidated net profit of INR 13.72 billion, up 22%. Its revenue for the year was INR 284.71 billion, up nearly 9%. Thursday, its shares closed at INR 401.80% on the National Stock Exchange, up 1.4% from Wednesday.  End

 

Edited by Rajeev Pai

 

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