Apollo Tyres Q2 FY26 results: PAT dips on Netherlands restructuring; Rs 1,000 cr NCD plan cleared
APOLLOTYRE · price
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On the reaction day the stock moved 3.4 pts less than Nifty Midcap 150 and 3.1 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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Apollo Tyres posted Q2 FY26 consolidated revenue of Rs 6,831 crore, up 6 percent year on year. PAT fell 13 percent to Rs 258 crore because of about Rs 180 crore in exceptional items tied to the planned shutdown of its Netherlands plant by 2026. Half year revenue rose 5 percent to Rs 13,392 crore but PAT dropped 55 percent to Rs 271 crore versus Rs 599 crore a year ago. The board also approved raising up to Rs 1,000 crore via non convertible debentures, subject to shareholder approval by postal ballot.
Q2 PAT hit by one-off Netherlands restructuring charges; excluding exceptionals core earnings held up. Rs 1,000 cr NCD issue adds fresh borrowing.