Apollo Tyres reported a sharp recovery in profitability for the first quarter of financial year 2026-27, with consolidated net profit rising significantly as the impact of last year’s exceptional loss faded. The tyre manufacturer posted a net profit of Rs 349 crore for the quarter ended June 2026, compared with Rs 12.8 crore in the same period a year earlier.

The rise in profit was supported by a change in exceptional items. Apollo Tyres recorded a one-time gain of Rs 24 crore during the quarter, compared with an exceptional loss of Rs 370 crore reported in the year-ago period. The company also reported steady growth in revenue, indicating continued demand across its operations.

Revenue from operations increased 12.8% year-on-year to Rs 7,398 crore in Q1FY27, compared with Rs 6,561 crore in the corresponding quarter last year. However, operating performance remained under pressure as earnings before interest, taxes, depreciation and amortisation (EBITDA) stayed almost unchanged at Rs 868 crore against Rs 869 crore a year earlier.

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The stagnant EBITDA resulted in a decline in operating margin, with EBITDA margin falling to 11.7% from 13.2% in the previous year period. The company’s performance indicates that rising input and operating costs continued to impact core profitability despite strong revenue growth.

Apollo Tyres also reported an increase in other income, which rose to Rs 58 crore from Rs 19 crore in the previous year quarter. Tax expenses increased sharply to Rs 119 crore from Rs 25 crore. Separately, the company announced that Gaurav Kumar has resigned as Whole-time Director and as a member of the Risk Management Committee, effective from the close of business on August 6.

Kumar will continue as Chief Financial Officer for a transition period to ensure continuity. The company stated that he resigned due to new personal and professional challenges. Meanwhile, Apollo Tyres shares closed at Rs 451.20 on August 6, gaining 1.42% from the previous close of Rs 444.90, after moving between an intraday high of Rs 451.75 and a low of Rs 441.25. The company’s focus remains on managing raw-material costs and protecting margins through operational measures and price adjustments.

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