Apollo Tyres recorded a 13.3 percent year-on-year increase in consolidated net profit after tax to Rs 292.29 crore for Q2 FY27, compared to Rs 258.05 crore in Q2 FY26.
Sequentially, net profit declined 16.2 percent from Rs 348.87 crore reported in Q1 FY27. Bottom-line performance was influenced by higher raw material expenses and exceptional restructuring charges during the period.
Consolidated revenue from operations for Q2 FY27 rose 16.7 percent year-on-year to Rs 7,968.15 crore, up from Rs 6,831.09 crore in the corresponding quarter of the previous financial year, and grew 7.7 percent sequentially from Rs 7,397.79 crore in Q1 FY27.
Total expenses expanded 20.5 percent year-on-year to Rs 7,587.66 crore compared to Rs 6,294.79 crore in Q2 FY26, primarily driven by a rise in the cost of materials consumed to Rs 4,241.42 crore and higher stock-in-trade purchases. Sequentially, total expenses increased 8.2 percent from Rs 7,012.03 crore.
Auditor notes accompanying the financial statements disclosed an exceptional pre-tax charge of Rs 25.85 crore during the quarter. This includes an additional employee restructuring cost of Rs 26.18 crore recognized by its subsidiary Apollo Tyres Europe B.V. following the operational shutdown of tyre production at its Enschede plant in the Netherlands.
Commenting on the quarterly operational performance, Onkar Kanwar, Chairman of Apollo Tyres, said, "Geopolitical tensions in West Asia remain a headwind, resulting in elevated input costs and supply chain disruptions."
Concurrently, the company's board of directors approved the appointment of Ravi Kumar Shingari as Chief Financial Officer, succeeding to the position after serving as Group Head of Finance since 2018.