Apollo Tyres Limited — Quarter and year ended March 31, 2026
| The Secretary, | The Secretary, |
|---|---|
| National Stock Exchange of India Ltd., | BSE Ltd. |
| Exchange Plaza, | Phiroze Jeejeebhoy Towers, |
| Bandra-Kurla Complex, | Dalal Street, |
| Bandra (E), | Mumbai – 400001. |
| Mumbai – 400 051 |
| PARTICULARS | QUARTER ENDED | YEAR ENDED | |||
|---|---|---|---|---|---|
| 31.03.2026 (AUDITED) (refer Note 7) | 31.12.2025 (UNAUDITED) | 31.03.2025 (AUDITED) (refer Note 7) | 31.03.2026 (AUDITED) | 31.03.2025 (AUDITED) | |
| 1 Revenue from operations | 52,369.69 | 51,389.93 | 45,805.11 | 198,162.28 | 181,736.12 |
| 2 Other income | 352.71 | 2,322.91 | 383.29 | 3,127.13 | 1,155.34 |
| 3 Total income (1 + 2) | 52,722.40 | 53,712.84 | 46,188.40 | 201,289.41 | 182,891.46 |
| 4 Expenses | |||||
| (a) Cost of materials consumed | 29,728.09 | 28,484.46 | 27,322.99 | 112,615.19 | 111,630.20 |
| (b) Purchase of stock-in-trade | 2,916.02 | 2,416.84 | 2,663.45 | 10,349.29 | 10,034.08 |
| (c) Changes in inventories of finished goods, stock-in-trade and work-in-progress | (1,018.73) | 991.81 | 38.31 | (308.59) | (4,597.24) |
| (d) Employee benefits expense | 3,319.12 | 3,382.80 | 2,729.11 | 13,179.50 | 11,360.10 |
| (e) Finance costs | 747.02 | 850.42 | 950.18 | 3,288.43 | 3,657.68 |
| (f) Depreciation and amortisation expense | 2,363.42 | 2,375.33 | 2,341.44 | 9,423.21 | 9,291.74 |
| (g) Other expenses | 9,784.57 | 8,648.49 | 7,899.73 | 33,567.43 | 31,401.86 |
| Total expenses | 47,839.51 | 47,150.15 | 43,945.21 | 182,114.46 | 172,778.42 |
| 5 Profit before exceptional items and tax (3 – 4) | 4,882.89 | 6,562.69 | 2,243.19 | 19,174.95 | 10,113.04 |
| 6 Exceptional items (refer note 5) | 9.47 | 271.41 | (81.66) | 333.87 | 509.22 |
| 7 Profit before tax (5 – 6) | 4,873.42 | 6,291.28 | 2,324.85 | 18,841.08 | 9,603.82 |
| 8 Tax expense | |||||
| a. Current tax | 880.26 | 1,106.99 | 418.71 | 3,312.45 | 1,637.14 |
| b. Deferred tax | (5,040.57) | 693.76 | 414.51 | (2,989.06) | 1,672.40 |
| Total tax expense | (4,160.31) | 1,800.75 | 833.22 | 323.39 | 3,309.54 |
| 9 Profit for the period / year (7 – 8) | 9,033.73 | 4,490.53 | 1,491.63 | 18,517.69 | 6,294.28 |
| 10 Other comprehensive income / (loss) | |||||
| i. Items that will not be reclassified to profit or loss | |||||
| – Re-measurement gain / (loss) on defined benefit plans | 160.05 | 44.89 | 71.42 | 111.81 | (236.23) |
| ii. Income tax effect | (45.00) | (15.68) | (24.96) | (28.14) | 82.55 |
| 115.05 | 29.21 | 46.46 | 83.67 | (153.68) | |
| ii. Items that will be reclassified to profit or loss | |||||
| – Effective portion of gain / (loss) on designated portion of hedging instruments in cash flow hedge | – | (32.36) | 11.92 | – | 7.98 |
| ii. Income tax effect | – | 11.31 | (4.17) | – | (2.79) |
| – | (21.05) | 7.75 | – | 5.19 | |
| Other comprehensive income / (loss) (I + II) | 115.05 | 8.16 | 54.21 | 83.67 | (148.49) |
| 11 Total comprehensive income for the period / year (9 + 10) | 9,148.78 | 4,498.69 | 1,545.84 | 18,601.36 | 6,145.79 |
| 12 Paid-up equity share capital (equity shares of ₹ 1 each) | 635.10 | 635.10 | 635.10 | 635.10 | 635.10 |
| 13 Paid-up debt capital | 23,257.22 | 21,014.79 | 28,927.67 | 23,257.22 | 28,927.67 |
| 14 Reserves excluding revaluation reserves | 118,299.28 | 106,054.21 | |||
| 15 Earnings per equity share (face value of ₹ 1 each) (not annualised) | |||||
| (a) Basic (₹) | 14.27 | 7.09 | 2.35 | 29.22 | 9.91 |
| (b) Diluted (₹) | 14.27 | 7.09 | 2.35 | 29.21 | 9.91 |
| S.NO. | PARTICULARS | As at 31.03.2026 | As at 31.03.2025 |
|---|---|---|---|
| (AUDITED) | (AUDITED) | ||
| A. ASSETS | |||
| 1. Non-current assets | |||
| (a) | Property, plant and equipment | 100,039.89 | 104,186.70 |
| (b) | Capital work-in-progress | 4,788.87 | 1,805.26 |
| (c) | Right of use assets | 4,157.61 | 4,435.24 |
| (d) | Intangible assets | 378.05 | 490.87 |
| (e) | Intangible assets under development | 508.55 | 290.68 |
| (f) | Financial assets | ||
| i. Investments | 24,394.64 | 24,292.94 | |
| ii. Other financial assets | 3,689.72 | 3,667.25 | |
| (g) | Other non-current assets | 2,004.40 | 272.70 |
| Total non-current assets | 139,961.73 | 139,441.64 | |
| 2. Current assets | |||
| (a) | Inventories | 31,160.93 | 30,069.22 |
| (b) | Financial assets | ||
| i. Trade receivables | 23,100.51 | 22,784.67 | |
| ii. Cash and cash equivalents | 4,333.70 | 3,977.22 | |
| iii. Bank balances other than (ii) above | 147.77 | 113.99 | |
| iv. Other financial assets | 2,402.77 | 4,487.47 | |
| (c) | Other current assets | 4,216.18 | 2,225.08 |
| Total current assets | 65,361.86 | 63,657.65 | |
| Total assets (1+2) | 205,323.59 | 203,099.29 | |
| B. EQUITY AND LIABILITIES | |||
| 1. Equity | |||
| (a) | Equity Share capital | 635.10 | 635.10 |
| (b) | Other equity | 118,330.50 | 106,085.43 |
| Total equity | 118,965.60 | 106,720.53 | |
| 2. Liabilities | |||
| Non-current liabilities | |||
| (a) | Financial liabilities | ||
| i. Borrowings | 14,809.42 | 18,089.23 | |
| ii. Lease liabilities | 3,525.95 | 3,785.16 | |
| (b) | Provisions | 744.19 | 573.87 |
| (c) | Deferred tax liabilities (net) | 13,173.19 | 16,134.11 |
| (d) | Other non-current liabilities | 1,587.52 | 1,741.39 |
| Total non-current liabilities | 33,840.27 | 40,323.76 | |
| Current liabilities | |||
| (a) | Financial liabilities | ||
| i. Borrowings | 8,447.80 | 10,838.44 | |
| ii. Lease liabilities | 1,052.03 | 1,030.05 | |
| iii. Trade payables | |||
| Total outstanding dues of micro enterprises and small enterprises | 587.50 | 429.35 | |
| Total outstanding dues of creditors other than micro enterprises and small enterprises | 20,384.30 | 21,814.73 | |
| iv. Other financial liabilities | 4,423.95 | 3,718.83 | |
| (b) | Other current liabilities | 14,280.59 | 15,295.37 |
| (c) | Provisions | 3,161.53 | 2,803.58 |
| (d) | Current tax liabilities (net) | 180.02 | 124.65 |
| Total current liabilities | 52,517.72 | 56,055.00 | |
| Total equity and liabilities (1+2+3) | 205,323.59 | 203,099.29 |
| S.NO. | PARTICULARS | YEAR ENDED 31.03.2026 | 31.03.2025 (AUDITED) |
|---|---|---|---|
| A | CASH FLOW FROM OPERATING ACTIVITIES | ||
| (i) | Profit before tax | 18,841.08 | 9,603.82 |
| Adjustments for: | |||
| Depreciation and amortisation expenses | 9,423.21 | 9,291.74 | |
| Loss on sale of property, plant and equipment (net) | 21.44 | 103.40 | |
| Impairment of property, plant and equipment | 192.08 | – | |
| Gain from current investments | (8.57) | (101.70) | |
| Dividend received | (1,945.63) | (21.56) | |
| Provisions/ liabilities no longer required written back | (1.12) | (41.58) | |
| Assets written off consequent to closure of business by a subsidiary company | – | 352.43 | |
| Unwinding of deferred income | (696.68) | (912.19) | |
| Finance costs | 3,288.43 | 3,657.68 | |
| Interest income | (294.93) | (326.89) | |
| Share based payment expense | 85.24 | – | |
| Unrealised gain on foreign exchange fluctuations | (16.13) | (47.51) | |
| (ii) | Operating profit before working capital changes | 28,888.42 | 21,557.64 |
| Changes in working capital | |||
| Adjustments for (increase) / decrease in operating assets | |||
| Inventories | (1,091.71) | (6,841.88) | |
| Trade receivables | (195.20) | (4,243.87) | |
| Other financial assets (current and non current) | 280.07 | (288.70) | |
| Other assets (current and non current) | (1,924.97) | 244.22 | |
| Adjustments for increase / (decrease) in operating liabilities | |||
| Trade payables | (1,509.83) | 2,799.96 | |
| Other financial liabilities (current and non current) | 834.82 | (487.65) | |
| Other liabilities (current and non current) | (553.81) | 97.16 | |
| Provisions (current and non current) | 640.08 | 392.12 | |
| (iii) | Cash generated from operations | 25,367.87 | 13,229.00 |
| Income tax paid (net of refund) | 3,257.08 | 1,703.71 | |
| Net cash generated from operating activities | 22,110.79 | 11,525.29 | |
| B | CASH FLOW FROM INVESTING ACTIVITIES | ||
| Purchase of property, plant and equipment and intangible assets | (9,041.38) | (4,544.87) | |
| Proceeds from sale of property, plant and equipment | 181.25 | 192.56 | |
| Maturity of mutual funds, net | 9.08 | 5,036.76 | |
| Non current investment made, net | (102.21) | (63.32) | |
| Investment in Subsidiaries | – | (200.00) | |
| Loan to Subsidiaries | – | (4,217.86) | |
| Repayment of loan given to Subsidiaries | 2,108.49 | 2,108.93 | |
| Dividend received | 1,945.63 | 21.56 | |
| Interest received | 150.94 | 322.75 | |
| Net cash used in investing activities | (4,748.20) | (1,343.49) | |
| C | CASH FLOW FROM FINANCING ACTIVITIES | ||
| Purchase of treasury shares | (1,128.62) | – | |
| Repayment of non-current borrowings | (6,437.95) | (6,726.95) | |
| Proceeds from current borrowings (net) | 750.00 | 4,400.00 | |
| (excluding current maturities of non-current borrowings) | |||
| Payment of dividend | (5,385.20) | (3,810.61) | |
| Payment of principal portion of lease liabilities | (1,203.45) | (1,106.06) | |
| Payment of interest on lease liabilities | (386.90) | (404.42) | |
| Finance costs paid | (3,213.65) | (3,498.00) | |
| Net cash used in financing activities | (17,005.77) | (11,146.04) | |
| Net increase / (decrease) in cash and cash equivalents | 356.82 | (964.24) | |
| Cash and cash equivalents as at the beginning of the year | 3,977.22 | 4,941.90 | |
| Less: Cash credits as at the beginning of the year | 0.49 | 0.93 | |
| Adjusted cash and cash equivalents as at beginning of the year | 3,976.73 | 4,940.97 | |
| Cash and cash equivalents as at the |