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.
On the reaction day the stock moved 1.8 pts less than Nifty Midcap 150 and 1.1 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.
Minute windows have no benchmark: there is no intraday index history to compare against.
Apollo Tyres reported strong FY26 standalone PAT of ₹18,518 million, up 194% vs ₹6,294 million in FY25, driven largely by a ₹5,737 million deferred tax liability reversal following adoption of the concessional tax regime (25.17% vs 34.94% earlier). Standalone revenue grew 9% to ₹198,162 million. On a consolidated basis, PAT was ₹13,724 million vs ₹11,213 million, though underlying performance was masked by ₹10,001 million in exceptional items — primarily ₹5,449 million restructuring provision and ₹4,552 million asset impairment related to the closure of the Enschede, Netherlands manufacturing plant. The Board recommended a final dividend of ₹2.50 per share, taking total FY26 dividend to ₹6.00 per share (₹3.50 interim already paid). Auditors issued an unmodified opinion with no qualifications.
The jump in standalone PAT is inflated by a one-time tax benefit; underlying operational performance improvement is more modest. The large Netherlands plant closure exceptional charge is a significant one-time item to watch. The total ₹6.00 dividend signals confidence, and the shift to a lower tax regime will benefit future earnings.