Apar Industries reported a consolidated net profit after tax (PAT) of ₹467 crore for the quarter ended June 30, 2026, marking a 78% year-on-year increase from ₹263 crore in Q1FY26. The strong bottom-line performance was underpinned by a 29.1% surge in revenue from operations to ₹6,591 crore and a significant expansion in EBITDA margins to 12.4% from 9.8% in the corresponding period last year. This robust start to FY27 highlights the company’s ability to leverage higher realizations and improved product mix across its core conductor, oil, and cable divisions.

Financial Performance Highlights

The company’s top-line growth was broad-based, with revenue rising from ₹5,104 crore in Q1FY26 to ₹6,591 crore in Q1FY27. Consolidated EBITDA increased by 62.7% to ₹814 crore, reflecting improved operational efficiency and pricing power. The absence of exceptional losses in the current quarter, compared to nil in the prior year but noting an ₹8 crore exceptional loss in Q4FY26, further supported the clean profit growth. Basic earnings per share (EPS) rose to ₹116 from ₹65 in Q1FY26.

Segment-Wise Growth Drivers

The Oil Division emerged as a key margin driver, with EBITDA surging 214.2% to ₹329 crore and margins expanding to 19.3% from 8.3%. This was despite a 13.7% decline in volume to 1,29,085 KL, primarily due to the closure of the Hamriyah port in the UAE amid regional conflicts and lower crude allocations in April. The Conductor Division reported revenue of ₹3,338 crore, up 19.9% YoY, driven by a premium product mix of 50.3% compared to 43.7% last year. However, volumes declined by 6.7% to 53,279 MT due to high metal prices impacting order bookings. The Cable Division saw revenue grow by 29.5% to ₹1,838 crore, with domestic revenue leading the charge at a 59.9% YoY increase.

Strategic Expansions and Corporate Actions

Alongside financial results, the Board approved the incorporation of Apar Industries UK Limited to facilitate trading in conductors and cables in the European market. The company also authorized an investment of up to BRL 3,000,000 in its Brazilian subsidiary, Apar Industries Latam Ltda, to capture tender opportunities in Latin America. Additionally, 9,484 equity shares were allotted against Employee Stock Appreciation Rights (ESARs), increasing the paid-up capital to ₹40,18,37,190. Statutory auditors C N K & Associates LLP issued an unmodified limited review report.

What the Numbers Show

The disproportionate rise in EBITDA relative to revenue growth underscores significant operating leverage and favorable product mix shifts. While conductor volumes dipped due to high metal prices, the shift towards premium products maintained revenue growth. In the oil division, despite volume contractions from geopolitical disruptions, sharp increases in selling prices linked to ICE gas oil benchmarks drove substantial margin expansion. The company has prudently made a provision of ₹93 crore in line with accounting standards regarding these price movements. The pending order book stands at ₹10,190 crore for conductors and ₹1,925 crore for cables, providing visibility into future revenues.

apar industries has announced it will host a conference call to discuss its financial results for the first quarter of FY27. The meeting is scheduled for July 24, 2026, at 3:30 PM IST, providing analysts and investors an opportunity to review the company's quarterly performance.

The discussion will be led by the company's senior management team, including Chairman & Managing Director Kushal Desai, Managing Director Chaitanya Desai, and Chief Financial Officer Ramesh Iyer. The session will be moderated by S-Ancial Technologies Pvt. Ltd.

Participants can join the group call using domestic dial-in numbers or international toll-free lines. The company has provided specific access numbers for regions including the USA, UK, Singapore, and Hong Kong to facilitate global participation.

The intimation was submitted to the exchanges in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The schedule remains subject to change, with the company secretary, Sanjaya Kunder, overseeing the communication.