Apollo Tyres Rolls Ahead with 40% Profit Surge and Expansion Plans

Apollo Tyres reported a 40% profit increase to Rs 471 crore for Q3, driven by sales growth in domestic and export markets. The company plans to expand production in Andhra Pradesh, enhancing tyre capacities by millions. An interim dividend of Rs 3.5 per share for FY26 was declared.

Apollo Tyres announced a significant 40% year-on-year profit rise for the December quarter, reaching Rs 471 crore. This growth is attributed to strong domestic and export market sales, with revenues climbing to Rs 7,743 crore from Rs 6,928 crore the previous year.

Chairman Onkar Kanwar highlighted robust performance in India and stable results from European operations, pointing to a sustained demand momentum. To meet growing demands, the company will invest Rs 5,810 crore in expanding production capacities at its Andhra Pradesh plant for passenger car and truck bus radial tyres.

The expansion will boost the production capacity by several million units annually. The initiative will be funded through internal accruals and debt. Additionally, an interim dividend of Rs 3.5 per share for FY26 was approved, with shares rising 1.48% to close at Rs 512.40 each on BSE.

(With inputs from agencies.)