Apar Industries Q2 FY27 Revenue Up 21.3% to ₹6,931 Crore, Net Profit Jumps 77.8%
Apar Industries reported Q2 FY27 consolidated revenue of ₹6,931 crore, up 21.3% YoY. Net profit surged 77.8% to ₹447 crore. H1 FY27 revenue reached ₹13,522 crore, with net profit at ₹915 crore. The company's order book hit an all-time high of ₹12,025 crore. Apar raised ₹2,500 crore via QIP, improving its credit rating.
Significant growth in revenue and profit, record order book, and credit rating upgrade are material events that are likely to have a substantial impact on investor sentiment and the company's financial standing.
The company reported strong year-on-year growth in revenue and net profit, along with an all-time high order book and a successful QIP, indicating positive financial performance and future prospects.
Apar Industries Limited announced its Un-audited Financial Results for the second quarter and half year ended September 30, 2026 (Q2 FY27).
For the second quarter of FY27, consolidated revenue increased by 21.3% year-on-year to ₹6,931 crore, and by 5.2% sequentially. Domestic revenues saw a significant growth of 34.3%, while exports decreased by 3.3%. The company highlighted that approximately ₹800 crore of conductors and cables were in transit on a DDP basis, impacting U.S. revenue which showed a decrease of 29.7% compared to the previous year. Despite this, order books remained strong, with the realization of DDP amounts expected to improve the picture in Q3.
EBITDA, after considering forex adjustments, rose by 57.8% year-on-year to ₹787 crore, with margins improving by 270 basis points to 11.4% from 8.7%. Net profit surged by 77.8% to ₹447 crore, and PAT margins improved to 6.5%, an increase of 200 basis points. For the first half of FY27, revenue grew by 25% to ₹13,522 crore, marking the highest ever half-yearly revenue and profit. H1 EBITDA grew by 60.2% to ₹1,602 crore with a margin of 11.8%, and profit after tax grew by 77.7% to ₹915 crore.
The company's Conductor division reported a revenue growth of 21.1% to ₹3,753 crore for the quarter, driven by commodity price increases. Volume dipped by 9.2%, but EBITDA grew by 11.3% to ₹276 crore, with margins improving to ₹48,241 per metric ton. The Oil division's revenue increased by 35.6% to ₹1,819 crore, with EBITDA growing significantly by 185% to ₹299 crore and margins reaching ₹23,262 crore per KL. The Cable division's revenue grew by 22.1% to ₹1,875 crore, with EBITDA growing by 34.2% to ₹401 crore on a half-yearly basis and margins at 10.8%.
Apar Industries secured a single largest order for OPGW from KPCL for ₹960 crore and received orders worth approximately ₹1,000 crore for Google and Amazon data centers. The company's overall order book stands at an all-time high of ₹12,025 crore as of September 30, 2026. Additionally, Apar Industries successfully completed a QIP, raising ₹2,500 crore, which will be used for working capital and strengthening the balance sheet, leading to a one-notch improvement in its credit rating to AA.
The management expressed confidence in the performance for FY27, highlighting strong business momentum, intact structural demand drivers, and an easing of freight rates, which are expected to make exports more feasible. They also noted that the data center capex cycle is building up both overseas and in India.
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