APAR Industries Delivers Strong Q1 FY27 Performance with Net Profit Surging 77.8% YoY to ₹467.45 Crore

Leading manufacturer of conductors, specialty oils, and cables, APAR Industries Limited (BSE: 532290, NSE: APARINDS; CIN: L91110GJ1989PLC012802), has announced its reviewed consolidated and standalone financial results for the first quarter ended June 30, 2026 (Q1 FY27).

The company reported robust overall growth, powered by stellar performance in its Transformer and Specialty Oils division. Consolidated revenue from operations grew 29.1% year-on-year (YoY) to reach ₹6,591.06 crore, up from ₹5,104.16 crore recorded in Q1 FY26. Net profit (Profit After Tax) experienced a massive surge, climbing 77.8% YoY to ₹467.45 crore compared to ₹262.91 crore in the corresponding quarter of the previous fiscal year.

Consolidated Financial Performance Summary

Revenue from Operations: Consolidated revenue stood at ₹6,591.06 crore, compared to ₹5,104.16 crore in Q1 FY26 and ₹6,602.81 crore in Q4 FY26. Total sales contributed ₹6,566.62 crore, with other operating income adding ₹24.44 crore.

Total Income: Total income for the quarter reached ₹6,624.71 crore, up from ₹5,128.95 crore in Q1 FY26, boosted by ₹33.65 crore in other income.

Profit Before Tax (PBT): Consolidated PBT rose 76.6% YoY to ₹622.60 crore (inclusive of ₹0.26 crore share in net profit of associates), compared to ₹352.52 crore in Q1 FY26 and ₹328.92 crore in Q4 FY26.

Tax Expenses: Tax outgo totaled ₹155.15 crore on a net basis, comprising ₹182.12 crore in current tax and a deferred tax credit of ₹26.97 crore.

Net Profit (PAT): Consolidated net profit attributable to owners of the company came in at ₹467.45 crore, translating to a Basic Earnings Per Share (EPS) of ₹116.37 (face value ₹10 per share), up from ₹65.45 in Q1 FY26 and ₹63.09 in Q4 FY26.

Total Comprehensive Income: Total comprehensive income stood at ₹328.89 crore, after factoring in negative foreign currency items within Other Comprehensive Income (OCI) of ₹138.56 crore.

Standalone Financial Results

On a standalone basis, APAR Industries recorded:

Revenue from Operations: ₹6,477.35 crore, compared to ₹4,881.09 crore in Q1 FY26.

Total Income: ₹6,511.06 crore, up from ₹4,907.93 crore in Q1 FY26.

Profit Before Tax (PBT): ₹610.78 crore, up 76.0% YoY from ₹347.04 crore in Q1 FY26.

Profit After Tax (PAT): ₹453.05 crore, compared to ₹257.86 crore in Q1 FY26 and ₹254.52 crore in Q4 FY26.

Standalone EPS: Basic EPS stood at ₹112.79 per share.

Business Segment Revenue & Operating Profit Analysis

Conductors

The Conductors segment remained the largest revenue driver for the company, generating gross segment revenue of ₹3,338.13 crore in Q1 FY27, up 19.9% YoY from ₹2,784.72 crore in Q1 FY26. Segment results (profit before finance costs and tax) grew 16.2% YoY to ₹274.40 crore, compared to ₹236.12 crore in the year-ago period.

Transformer and Specialty Oils

The Transformer and Specialty Oils division witnessed a dramatic surge in profitability. Segment revenue grew 34.8% YoY to ₹1,700.87 crore, compared to ₹1,262.06 crore in Q1 FY26. Segment operating results quadrupled, skyrocketing 238.9% YoY to ₹331.34 crore, up from ₹97.78 crore in Q1 FY26 and ₹81.87 crore in Q4 FY26.

Power / Telecom Cables

The Cables division posted healthy top-line growth with segment revenue rising 29.5% YoY to ₹1,838.06 crore, up from ₹1,419.43 crore in Q1 FY26. Segment profit stood at ₹83.07 crore, compared to ₹132.09 crore in Q1 FY26 and ₹190.78 crore in Q4 FY26.

Others

Other niche business activities delivered gross segment revenue of ₹68.70 crore with an operating profit of ₹5.51 crore.

Key Expenditure Highlights

Total consolidated expenses for Q1 FY27 were contained at ₹6,002.37 crore, compared to ₹4,776.44 crore in Q1 FY26:

Cost of Materials Consumed: Stood at ₹5,287.07 crore (up from ₹4,167.48 crore in Q1 FY26).

Inventory Adjustments: Work-in-progress and finished goods inventory change adjusted by -₹248.96 crore.

Employee Benefits Expense: Accounted for ₹126.23 crore (up from ₹104.87 crore in Q1 FY26).

Finance Costs: Stood at ₹123.17 crore (compared to ₹86.32 crore in Q1 FY26).

Depreciation & Amortization: Totaled ₹45.71 crore.

Other Expenses: Came in at ₹640.95 crore.

Balance Sheet Position & Assets

As of June 30, 2026, APAR Industries maintained a robust balance sheet:

Total Consolidated Assets: Stood at ₹14,485.23 crore (net of inter-segment eliminations of ₹734.07 crore), up from ₹11,175.68 crore as of June 30, 2025.

Segment Asset Allocation: Conductors held ₹6,663.34 crore, Transformer & Specialty Oils held ₹3,252.40 crore, and Power/Telecom Cables held ₹4,562.36 crore in assets.

Paid-Up Share Capital: Stood unchanged at ₹40.17 crore (comprising equity shares of face value ₹10 each), backed by reserves excluding revaluation reserves of ₹5,353.21 crore.

Shares of Apar Industries Limited was last trading in BSE at Rs. 13408.65 as compared to the previous close of Rs. 13625.60. The total number of shares traded during the day was 4514 in over 954 trades.

The stock hit an intraday high of Rs. 14039.75 and intraday low of 13350.00. The net turnover during the day was Rs. 61676268.00.

Source : Equity Bulls

Keywords

AparIndustries INE372A01015 Q1FY27 Q1FY2027 ResultUpdate