Apollo Tyres Reports Stellar Q4 Profit Surge Amid Tax Gains

Apollo Tyres Ltd reported a dramatic surge in its consolidated net profit for the fourth quarter ending March 31, 2026, recording a more than three-fold increase to Rs 630.97 crore. This substantial profit growth was largely attributed to gains from the remeasurement of deferred tax liabilities following the adoption of a concessional tax regime under the Finance Act, 2026.

The company's revenue from operations in the reported quarter rose to Rs 7,335.67 crore compared to Rs 6,423.59 crore in the previous year. The board has also recommended a final dividend of Rs 2.50 per equity share, adding to the interim dividend paid earlier during the financial year.

Chairman Onkar Kanwar highlighted robust performance in India, especially in the truck-bus radial segment which achieved over 20 percent growth. The European operations also maintained stability despite geopolitical challenges, reinforcing the company's optimistic outlook driven by demand in the Indian market.

(With inputs from agencies.)