Apollo Tyres Q3 net profit jumps 40%; revenue, margins grow; dividend of ₹3.50 declared

Apollo Tyres Ltd on Wednesday (February 4) reported a 39.6% year-on-year rise in net profit for Q3FY26 at ₹470.5 crore, compared with ₹337 crore in the same period last year.

Revenue grew 11.8% to ₹7,743 crore from ₹6,927 crore in the third quarter of FY25. EBITDA increased 25.3% to ₹1,185 crore from ₹946 crore a year ago. EBITDA margin expanded to 15.3% from 13.7% in the corresponding quarter of the previous year.

The company announced an interim dividend of ₹3.50 per equity share of ₹ 1 each for

FY26. The record date for determining shareholder entitlement is February 10, 2026, and the dividend will be paid within 30 days of declaration.

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Further, Apollo Tyres announced a capacity expansion at its Andhra Pradesh plant for passenger car radial (PCR) and truck bus radial (TBR) tyres. Current installed capacities are 7.1 million tyres per annum for PCR, with 82% utilisation, and 1.6 million tyres per annum for TBR, with 89% utilisation.

The proposed expansion will add 3.7 million PCR tyres and around 1.3 million TBR tyres per annum by the end of FY2029. The investment of approximately ₹5,810 crore will be funded through a mix of internal accruals and debt. Apollo Tyres said the expansion is in line with anticipated short- to medium-term growth in both PCR and TBR segments.

Shares of Apollo Tyres Ltd ended at ₹512.40, up by ₹7.45, or 1.48%, on the BSE today, February 4.

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