Apar Industries’ Profit Jumps 77.8% to 447 Crore Rupees in Q2
Key Facts
Apar Industries reported a 77.8% year-on-year increase in consolidated profit after tax to 447 crore rupees in the second quarter of fiscal year 2027, according to the company’s results update. Consolidated revenue rose 21.3% to 6,931 crore rupees from the same period a year earlier. Consolidated EBITDA increased 57.8% to 787 crore rupees, outpacing revenue growth. The EBITDA margin rose to 11.4% in the quarter, from 8.7% in the second quarter of fiscal year 2026. The figures put profit growth and margin expansion at the forefront of the company’s quarterly results.
On a quarterly basis, results moved in the opposite direction: consolidated revenue fell 5.2% from the first quarter of fiscal year 2027, and net profit declined 4.3%, according to the company’s update for its earnings call. In the first half of the fiscal year, revenue from operations rose 25% to 13,522 crore rupees, compared with 10,820 crore rupees in the corresponding period. First-half net profit increased 77.8% to 915 crore rupees, from 515 crore rupees. First-half EBITDA also rose 60.2% to 1,602 crore rupees. The first-half figures show strong year-on-year growth in revenue and profit, alongside a quarterly decline in the second quarter compared with the preceding quarter.
Segment performance varied between revenue growth and profitability. In the conductors segment, second-quarter revenue rose 21.1% to 3,753 crore rupees, while segment EBITDA increased 11.3% to 276 crore rupees. In the oils segment, revenue grew faster, rising 35.6% to 1,819 crore rupees. Oils EBITDA increased 185.7% to 299 crore rupees, while its margin widened to 16.4% from 7.8% a year earlier. The cables segment reported revenue of 1,875 crore rupees, up 22.1%, and EBITDA rose 31.9% to 207 crore rupees.
In conductors, revenue value rose despite a 9.2% year-on-year decline in sales volume to 57,137 tonnes, compared with 62,937 tonnes in the second quarter of fiscal year 2026. The company attributed the volume decline to sales destocking and weak demand amid higher metal and freight prices. In its update, it said, "Lower volumes are primarily due to sales destocking and weak demand because of higher metal prices and freight rates." On new business, the company received conductor orders worth 4,775 crore rupees during the quarter, up 123.1% from the corresponding quarter. The segment’s pending order book stood at 12,025 crore rupees, up 67.2% compared with the first half of fiscal year 2026.
The oils segment showed a similar divergence between value and volume: revenue rose 35.6% to 1,819 crore rupees, while sales volume fell 20% to 128,590 kilolitres compared with the second quarter of fiscal year 2026. Geographically, domestic revenue increased 34.3% year on year in the second quarter, while U.S. revenue declined 29.7%, the company said. Total export revenue also fell 3.3% from the corresponding period. Exports’ share of the revenue mix decreased to 27.6% in the quarter, from 34.7% in the second quarter of fiscal year 2026. The results update did not include a specific next date or the company’s outlook.