Apollo Tyres (APOLLOTYRE) Q1 25/26 earnings summary

Executive summary

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

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

• Net profit after tax for Q1 FY26 was ₹129 Mn, significantly lower than previous year, mainly due to higher exceptional items.

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

• Total comprehensive income for Q1 FY26 was ₹5,803.87 Mn, reflecting strong other comprehensive income gains.

Financial highlights

• Q1 FY26 consolidated EBITDA margin declined by 113 bps year-over-year to 13.2%.

• PAT for Q1 FY26 was ₹129 Mn, significantly down from previous year, with PAT margin at 0.2%.

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

• Basic and diluted EPS for Q1 FY26 were ₹0.20, compared to ₹4.76 in Q1 FY25.

• Net worth as of June 30, 2025, was ₹152,882.19 Mn.

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 related to the Netherlands plant closure to impact FY26-27 cash flows.

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