Outcome of the Board Meeting held on May 14, 2026
APOLLOTYRE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Apollo Tyres reported audited FY26 standalone revenue of Rs 198,162 million, up 9% from Rs 181,736 million in FY25. Consolidated revenue grew to Rs 284,706 million from Rs 261,234 million. However, PAT jumped to Rs 18,518 million standalone and Rs 13,724 million consolidated due to a Rs 5,737 million deferred tax liability reversal from adopting the new concessional tax regime; underlying PAT growth was more modest. The Board approved a final dividend of Rs 2.50 per share, bringing the total FY26 dividend to Rs 6.00 per share (Rs 3.50 interim already paid). The Enschede plant closure in Netherlands resulted in Rs 10,001 million in exceptional items (impairment and restructuring costs). Auditors gave an unmodified opinion confirming clean books. The company also appointed BBS Associates as new cost auditor and reappointed Ms. Lakshmi Puri as Independent Director.
The stock shows strong operational improvement with EBITDA margin expanding from 12.05% to 14.51% and operating cash flow doubling to Rs 36,674 million. However, the 194% standalone PAT surge is largely a one-time tax benefit. The large exceptional charge from the Netherlands plant closure is a one-time drag but manageable given the healthy balance sheet (debt-equity ratio improved to 0.20). Dividend of Rs 6 per share is positive for investors seeking income.