Apollo Tyres WTD Gaurav Kumar resigns, to continue as CFO for transition
APOLLOTYRE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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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Apollo Tyres Q1 FY27 consolidated revenue at Rs 73,977.90 million vs Rs 65,607.59 million YoY. PAT rose sharply to Rs 3,488.72 million from Rs 128.78 million. Basic EPS Rs 5.52 vs Rs 0.20. Gaurav Kumar resigned as Whole-time Director to pursue opportunities outside the company. He will continue as CFO during transition, then exit senior management. A 22-year veteran with the firm.
Strong Q1 results with revenue up around 13 percent and sharp profit growth. Long-serving CFO exit after transition may create short-term leadership uncertainty.