- Apollo Tyres reported consolidated net profit of Rs 349 crore in Q1FY27, up from Rs 12.8 crore.
- Revenue grew 12.8% year-on-year to Rs 7,398 crore in the quarter ended June 2026.
- EBITDA remained flat at Rs 868 crore, causing the margin to fall to 11.7% from 13.2%.
Apollo Tyres reported strong growth in revenue and a sharp recovery in net profit in Q1FY27, but a fall in EBITDA margin shows that higher costs continued to pressure core operations.
The company posted a consolidated net profit of Rs 349 crore for the quarter ended June 2026, compared with Rs 12.8 crore in in the year-ago period. The sharp rise was helped by the change in exceptional items. The company reported a one-time gain of Rs 24 crore, compared with a loss of Rs 370 crore a year ago.
Revenue from operations increased 12.8% year-on-year to Rs 7,398 crore, from Rs 6,561 crore in the year-ago quarter. However, the earnings before interest, taxes, depreciation and amortisation remained almost flat at Rs 868 crore, compared with Rs 869 crore last year. As a result, the EBITDA margin declined to 11.7% from 13.2%.
Other income also increased to Rs 58 crore from Rs 19 crore, while tax expense rose sharply to Rs 119 crore from Rs 25 crore.
Separately, Apollo Tyres said Gaurav Kumar has resigned as Whole-time Director and as a member of the Risk Management Committee with effect from the close of business on August 6.
Kumar will continue as Chief Financial Officer for a period necessary to ensure a smooth transition. He cited new personal and professional challenges as the reason for his resignation, as per the exchange filings.
The key concern in Q1 is therefore operating margin. Revenue grew at a healthy pace, but EBITDA did not, suggesting that higher input and operating costs absorbed much of the additional revenue.
Apollo Tyres had earlier warned that raw-material inflation could pressure margins and had announced price increases to partly offset the impact.
In today's trading session, Apollo Tyres shares closed at Rs 451.20 on August 6, up 1.42%, compared with the previous close of Rs 444.90. The stock touched an intraday high of Rs 451.75 and a low of Rs 441.25.
Also Read: LIC Q1 Results: Profit Rises 23%, VNB Surges 61% As Margins Expand Sharply
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.