Apollo Tyres CFO/WTD Gaurav Kumar resigns; Q1 profit surges 27x YoY
APOLLOTYRE · price
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On the reaction day the stock moved 1.6 pts less than Nifty Midcap 150 and 1.4 pts less than its Tyres & Rubber Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Gaurav Kumar resigned as Whole-time Director effective Aug 6, 2026 to pursue opportunities outside the company. He will continue as CFO during a transition period, then cease to be a KMP. He served 22 plus years. Board also approved Q1 FY27 results: consolidated revenue rose 12.8 percent to Rs 73,978 million; net profit surged to Rs 3,489 million from Rs 129 million YoY. Standalone revenue Rs 54,619 million, profit Rs 3,042 million.
Leadership transition at CFO/WTD adds near-term uncertainty, though Q1 profit jump of 27 times YoY reflects strong operating momentum.