Tyre maker Apollo Tyres Ltd delivered exceptional financial performance in Q4, with consolidated net profit jumping more than three-fold to ₹630.97 crore compared with ₹184.62 crore in the same period last year. According to the latest regulatory filing, this remarkable growth was primarily driven by strong domestic demand and tax gains. The company reported a consolidated net profit of ₹631 crore for Q4 FY26, compared with ₹185 crore in the corresponding quarter of the previous financial year. Revenue demonstrated robust growth, rising 14.20% year-on-year to ₹7,335.67 crore from ₹6,423.59 crore in the corresponding quarter, reflecting sustained demand momentum in the domestic market. As per Upstox Securities, the bottom line for the quarter looks swollen primarily due to deferred tax adjustments.
The company's exceptional performance was primarily driven by strong growth in the domestic replacement and original equipment (OE) segments, especially a more than 20 per cent rise in truck-bus radial sales. As per Apollo Tyres, India continued to drive growth even as geopolitical tensions in West Asia remained a concern for global business conditions. Chairman Onkar Kanwar highlighted strong domestic performance, stating "Our performance in India remained robust, particularly in the replacement and OE segments, with truck-bus radials recording growth of over 20 per cent in Q4. Our European Operations performed in line with prevailing market conditions." The management's positive outlook reflects confidence in the company's operational improvements and market positioning across key segments, with the company achieving over 25% renewable energy usage in manufacturing units and focusing on debt reduction through working capital optimization.
Apollo Tyres announced a final dividend of ₹2.50 per equity share for FY26, representing 250% on equity shares with a face value of ₹1 each, subject to shareholder approval at the ensuing annual general meeting. According to the company's announcement, the payout will be made or dispatched within 30 days from the conclusion of the AGM. The company had already paid an interim dividend of ₹3.50 per equity share during FY26, representing 350%. Including both dividends, the total dividend for FY26 stands at ₹6 per equity share, or 600% on face value.
For the full financial year FY26, Apollo Tyres reported net profit growth of 22.39% to ₹1,372.42 crore compared with ₹1,121.32 crore in the previous year. As per Outlook Business, annual sales rose 8.98% to ₹28,470.60 crore from ₹26,123.42 crore in FY25. The company's PBDT (Profit Before Depreciation and Tax) increased by 21% to ₹3,885.73 crore from ₹3,213.68 crore, while PBT (Profit Before Tax) grew by 37% to ₹2,342.71 crore from ₹1,715.31 crore in the corresponding period. For the full year FY26, consolidated net profit rose 22.3% year-on-year to ₹1,372 crore from ₹1,121 crore in the previous fiscal, while consolidated revenue from operations increased 9% to ₹28,471 crore from ₹26,123 crore in FY25.
Shares of Apollo Tyres closed at ₹401.70 apiece on the BSE on Thursday, up 1.31% from the previous close, reflecting positive market sentiment following the strong quarterly results. As per Upstox Securities, shares closed 1.3% higher ahead of the results announcement. Despite ongoing geopolitical tensions in West Asia continuing to pose headwinds, the company remains optimistic about sustained demand momentum in India, supported by positive rural sentiment. The management's positive outlook reflects confidence in the company's operational improvements and market positioning across key segments, with the company achieving over 25% renewable energy usage in manufacturing units and focusing on debt reduction through working capital optimization.
