Appointment of M/s BBS & Associates, Cost Accountants as Cost Auditors for FY27 consequent to completion of tenure of the existing Cost Auditor.
APOLLOTYRE · price
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Apollo Tyres reported strong FY26 results with standalone revenue of ₹1,98,162 million (up 9%) and consolidated revenue of ₹2,84,706 million (up 9%). Standalone PAT surged to ₹18,518 million from ₹6,294 million, boosted by ₹5,737 million deferred tax benefit from adopting the new concessional tax regime. Consolidated PAT was ₹13,724 million. The Board recommended a final dividend of ₹2.50 per share, bringing total FY26 dividend to ₹6.00 per share (including ₹3.50 interim). The Company appointed M/s BBS & Associates as Cost Auditor for FY27, replacing M/s N.P. Gopalakrishnan & Co upon completion of their tenure. Shareholders will also vote on re-appointment of Ms. Lakshmi Puri as Independent Director for a second 5-year term from October 29, 2026.
The Company delivered robust earnings growth driven by tax benefits and improved operational performance. The dividend increase signals confidence in financial health. The cost auditor transition and director re-appointment are routine governance matters with no adverse implications.