Apollo Tyres Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
APOLLOTYRE · price
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Apollo Tyres reported standalone revenue of Rs 198,162 million for FY26, up 9% from Rs 181,736 million in FY25. Consolidated revenue grew 9% to Rs 284,706 million. Standalone profit after tax surged to Rs 18,518 million from Rs 6,294 million, largely due to a Rs 5,737 million deferred tax liability reversal following adoption of the new concessional tax regime. Excluding this tax benefit, underlying PAT growth was more modest. Consolidated PAT rose to Rs 13,724 million from Rs 11,213 million, a 22% increase. The board recommended a final dividend of Rs 2.50 per share, bringing total FY26 dividend to Rs 6.00 per share. Exceptional items of Rs 10,335 million were recorded primarily for the planned closure of the Netherlands manufacturing plant and employee restructuring costs.
The stock may see mixed reaction as the headline PAT surge is inflated by a one-time tax benefit, while underlying operations show steady but not exceptional growth. The large exceptional charge for Europe restructuring raises concerns about international operations, though the dividend payout signals management confidence.