Apollo Tyres Q2 FY26 results, plans to raise Rs 1,000 crore via NCDs
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 Q2 FY26 consolidated revenue grew 6% YoY to Rs 6,831 crore, but PAT fell to Rs 258 crore from Rs 297 crore due to Rs 180 crore in restructuring costs for its Netherlands plant closure by summer 2026. Board also approved raising Rs 1,000 crore via non-convertible debentures through private placement, subject to shareholder approval.
Fund raise will increase debt; Netherlands plant closure leads to one-time costs but may improve long-term margins.