Apar Industries reported a significant rise in its second-quarter profit for the fiscal year 2026-27, with net profit soaring 78% year-on-year (YoY) to ₹447 crore. The company's revenue also increased by 21.3% to ₹6,931.19 crore during the quarter, reflecting strong operational performance despite some challenges.
- Net profit rose 78% YoY to ₹447 crore in Q2 FY27.
- Revenue increased 21.3% YoY to ₹6,931.19 crore.
- EBITDA grew 57.8% YoY to ₹787 crore.
- EBITDA margin improved to 11.4%, up 270 basis points quarter-on-quarter (QoQ).
- Export revenue declined 3.3% YoY but rose 5.8% QoQ.
- Volume fell 9.2% YoY but increased 7.2% sequentially.
- Shares surged nearly 5% after results announcement.
What drove Apar Industries' profit growth in Q2 FY27?
The company’s profit growth was mainly driven by a 57.8% YoY increase in earnings before interest, tax, depreciation, and amortisation (EBITDA), which reached ₹787 crore. This growth was achieved despite a 9.2% decline in volume compared to the same period last year. The EBITDA margin improved by 270 basis points to 11.4%, indicating better operational efficiency.
How did revenue perform during the quarter?
Apar Industries’ consolidated revenue from operations rose 21.3% YoY to ₹6,931.19 crore in Q2 FY27, up from ₹5,715.42 crore in Q2 FY26. While export revenue declined by 3.3% YoY, it increased by 5.8% quarter-on-quarter, showing some recovery in international markets.
What challenges did the company face?
The company experienced a 9.2% decline in volume compared to the previous year, which could be attributed to global uncertainties and market conditions. Additionally, prices of metals and base oils remained elevated in the short term, which may impact costs.
What is the company’s outlook and strategy?
Kushal N Desai, Chairman and Managing Director of Apar Industries, stated that despite ongoing global uncertainties, the company concluded the first half of the year with healthy revenue and profitability. Apar recently completed a Qualified Institutional Placement (QIP) fundraise, which will strengthen its balance sheet and provide financial flexibility to accelerate growth initiatives.
Desai emphasized that the company’s order book remains strong and that it is focused on delivering long-term value by enhancing capabilities and maintaining consistent performance.
How did the stock market react to the earnings report?
Following the earnings announcement on October 29, 2026, shares of Apar Industries surged as much as 4.8%, reaching an intraday high of ₹16,160 per unit on the National Stock Exchange (NSE). By mid-afternoon, the stock traded slightly higher at ₹15,475 per share. The stock has gained over 5% in the past week and soared 86% year-to-date, despite a 13% decline over the past month.
What is Apar Industries’ market position?
As of October 29, 2026, Apar Industries had a total market capitalization of ₹64,776.51 crore, reflecting its significant presence in the industry.
In summary, Apar Industries demonstrated strong financial performance in Q2 FY27 with substantial profit and revenue growth. The company’s strategic fundraise and focus on operational efficiency position it well for future growth despite short-term challenges.
