Business

Apollo Tyres Shares Rise 2% as Stock Shows Strong Quarterly Growth

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At 12:14 pm on Friday, Apollo Tyres shares were trading at Rs 431.75, up 2.02% from the previous close. The stock is part of the Nifty Midcap 150 index and saw a steady rise during the session.

Apollo Tyres is a leading tyre manufacturer in India. Its market cap and fundamentals place it among the top players in the automotive sector.

For the quarter ending March 2026, the company posted consolidated revenue of Rs 7,335.67 crore, a 14.20% increase from Rs 6,423.59 crore in the same quarter last year. Net profit jumped 242.18% to Rs 630.72 crore, while EPS surged to Rs 9.97 from Rs 2.91.

On an annual basis, revenue grew from Rs 20,947.58 crore in 2022 to Rs 28,470.60 crore in 2026, up 35.43%. Net profit rose from Rs 638.50 crore in 2022 to Rs 1,371.83 crore in 2026, a 114.85% increase. EPS improved from Rs 10.06 to Rs 21.66 in the same period.

The company has paid several dividends. A final dividend of Rs 2.50 per share (250%) was announced on 14 May 2026, effective 10 July 2026. An interim dividend of Rs 3.50 per share (350%) was announced on 23 January 2026, effective 10 February 2026.

Earlier, Apollo Tyres declared a final dividend of Rs 5.00 per share (500%) in May 2025 and Rs 6.00 per share (600%) in May 2024. The company also underwent a stock split on 17 August 2007, changing its face value from Rs 10 to Rs 1, and had rights issues in 2006 and 1994.

With strong earnings growth and a solid dividend track record, Apollo Tyres continues to attract investor interest. The stock's recent rise reflects confidence in the company’s performance.