Apollo Tyres (APOLLOTYRE) investor relations material

Executive summary

• Consolidated revenue for Q1 FY26 reached INR 65,608 Mn, up 3.6% year-over-year, with EBITDA at INR 8,677 Mn and EBITDA margin at 13.2%.

• Net profit after tax for the quarter was INR 129 Mn, significantly down from INR 3,020 Mn in Q1 FY25 and INR 1,846 Mn in the previous quarter, with PAT margin at 0.2%.

• Standalone revenue for Q1 FY26 was INR 47,254 Mn, up 2.9% year-over-year, with EBITDA margin at 13.6%.

• Total comprehensive income for the quarter was INR 5,804 Mn, supported by strong foreign currency translation gains.

• Net debt reduced by INR 3.9 Bn during the quarter, strengthening the balance sheet.

Financial highlights

• Q1 FY26 consolidated EBITDA margin declined by 113 bps year-over-year to 13.2%, but was slightly up sequentially.

• PAT for Q1 FY26 was INR 129 Mn, down sharply from Q1 FY25, with PAT margin at 0.2%.

• Standalone PAT for Q1 FY26 was INR 2,222 Mn, up from INR 1,920 Mn in Q1 FY25.

• Basic and diluted EPS for the quarter were INR 0.20, compared to INR 2.91 in the previous quarter and INR 4.76 in Q1 FY25.

• ROCE based on TTM figures stood at 10.5%, with net debt/EBITDA at 0.7x.

Outlook and guidance

• Expectation of operating performance recovery in Europe later in the year, driven by improved demand and focus on sales mix and cost optimization.

• Management expects restructuring costs and payouts related to the Netherlands plant closure to impact FY26-27 cash flows.

• Continued focus on business fundamentals, cost control, and free cash flow generation.