Near-full capacity utilisation and resilient replacement and original-equipment demand are driving expansion, even as natural rubber and other input costs squeeze margins
Apollo Tyres on Thursday reported a multi-fold jump in consolidated net profit at Rs 348.87 crore for the first quarter ended June 30, 2026 on the back of low base effect and strong sales across market segments. The company had posted a net profit of Rs 12.88 crore a year ago, which included the net impact after tax of restructuring and impairment of the Netherlands plant amounting to Rs 273 crore, Apollo Tyres said in a regulatory filing. Revenue from operations in the first quarter this fiscal stood at Rs 7,397.79 crore as against Rs 6,560.76 crore a year ago. Total expenses were higher at Rs 7,012.03 crore as compared to Rs 6,171.15 crore. Commenting on the company's performance in the first quarter, Chairman, Onkar Kanwar said: "We delivered healthy revenue growth during the quarter, supported by robust demand across market segments and sustained high-capacity utilisation across our manufacturing network." He further said,"While we remain mindful of the evolving macroeconomic .
Key trigger: Brent Crude prices have declined to $73/barrel, to almost its lowest since start of the US Iran war on February 28, 2026.
The stock price Kaynes Technology was quoting lower for the fifth straight day, plunging 27 per cent during the period.
Stocks to watch today: Stocks of OMCs, Adani Group, Tata Steel, JSW Steel, United Spirits, Voltas, HFCL, HCC, Apollo Tyres, are among the key stocks in focus today.
In Q4FY26, Ceat delivered high growth in all segments including international business, despite geopolitical tensions.
Apollo Tyres, CEAT, Balkrishna Industries share prices could fall up to 24% from current levels, cautions technical analysts Kunal Shah of Mirae Asset Sharekhan.