Apar Industries Limited Earnings Summary — Q1 FY2027
Apar Industries Reports Strong Revenue Growth and Profit Expansion in Q1 FY2027
Quarterly Business Intelligence
AI Quarterly Scorecard™
Computed deterministically from the last 10 reported quarters.
Quarterly Business Momentum
- Revenue declined 0.2% sequentially in Q1 FY2027.
- Revenue of ₹6,591 Cr is 29.1% higher year-on-year.
- Revenue has compounded at 19.0% annualised over the last 10 quarters.
- Net profit has reached its highest level in 10 quarters.
- Net profit of ₹467 Cr is 77.8% above the same quarter last year.
- Profit growth is outpacing revenue growth, pointing to positive operating leverage.
- Net profit has compounded at 35.4% annualised across the period.
- Operating margin stands at 11.5% in Q1 FY2027.
- Operating margin expanded by 263 bps year-on-year.
- Over the last two years operating margin has expanded by 210 bps.
- PBT margin is 9.4%.
- Expense growth of 25.4% remained below revenue growth of 29.1%.
- Operating profit of ₹758 Cr is 67.5% higher year-on-year.
- Operating leverage continues to improve.
- 6 of the last 6 measured quarters delivered year-on-year revenue growth.
- Overall quarterly business momentum scores 78/100 (Strong) on the latest 10 quarters.
- Business momentum remains positive heading into the next quarter.
Quarterly Financials
Last 10 Reported Quarters • All figures in ₹ Crore • Margins in %
| Metric | Trend | Latest Q1 FY2027 | Q4 FY2026 | Q3 FY2026 | Q2 FY2026 | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 | Q4 FY2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | Improving | 6,591 | 6,603 | 5,480 | 5,715 | 5,104 | 5,210 | 4,716 | 4,645 | 4,011 | 4,455 |
| Expenses | Improving | 5,833 | 6,107 | 5,028 | 5,250 | 4,652 | 4,755 | 4,360 | 4,288 | 3,634 | 4,028 |
| Operating Profit | Accelerating | 758 | 496 | 452 | 465 | 452 | 455 | 356 | 357 | 377 | 427 |
| Operating Margin | Accelerating | 11.5% | 7.5% | 8.3% | 8.1% | 8.9% | 8.7% | 7.5% | 7.7% | 9.4% | 9.6% |
| Other Income | Volatile | 34 | 12 | -17 | 23 | 25 | 20 | 34 | 33 | 15 | 27 |
| Interest | Improving | 123 | 137 | 106 | 108 | 86 | 100 | 118 | 101 | 90 | 101 |
| Depreciation | Improving | 46 | 42 | 41 | 40 | 38 | 36 | 33 | 32 | 31 | 31 |
| Profit Before Tax | Accelerating | 623 | 329 | 288 | 341 | 353 | 340 | 238 | 257 | 270 | 322 |
| Tax | Accelerating | 155 | 75 | 79 | 89 | 90 | 90 | 64 | 63 | 68 | 85 |
| Net Profit | Accelerating | 467 | 253 | 209 | 252 | 263 | 250 | 175 | 194 | 203 | 236 |
| Net Margin | Accelerating | 7.1% | 3.8% | 3.8% | 4.4% | 5.2% | 4.8% | 3.7% | 4.2% | 5.0% | 5.3% |
Key Takeaways
- Revenue grew significantly by 29.1% YoY to ₹6,591.06 crores, driven primarily by the Conductors and Cables segments.
- The Transformer and Speciality Oils segment saw a massive profit recovery, with segment results jumping to ₹331.34 crores from ₹81.87 crores in the prior quarter.
- Consolidated Net Profit increased by 77.8% YoY, reflecting improved product mix and operational efficiencies.
- Board approved the incorporation of a new wholly-owned subsidiary in the United Kingdom to expand the trading business in Europe.
- Further capital infusion of BRL 3,000,000 approved for the Brazil subsidiary (Apar Industries Latam Ltda) to target tender opportunities in South America.
- Conductors remained the largest segment by revenue at ₹3,338.13 crores, despite a slight sequential moderation from Q4 FY26.
- The company allotted 9,484 equity shares following the exercise of Employee Stock Appreciation Rights (ESARs).
Management Guidance
Management remains focused on 'innovation-led growth' and expanding its global footprint, particularly in high-margin segments like High Efficiency Conductors (HEC). Strategic investments in the UK and Brazil indicate a push for deeper penetration into international trading and local tender markets.
Sentiment Shift
Improving
A significant jump in margins and profitability, particularly the turnaround in the Oils segment compared to the previous quarter, signals strong operational momentum.
Outlook
The outlook remains healthy given the global electrification drive and the company's shift toward value-added specialized products. The move to establish a UK arm and bolster the Brazil unit suggests a proactive approach to capturing global renewable energy and distribution infrastructure spending.
From the Annual Report (Key Quotes)
“The objects with which the wholly owned subsidiary is being incorporated is to carry out trading business in Conductors, OPGW, Rods and Cables.”
“The purpose of having this entity [Brazil] in place is to avail potential opportunities in South and Latin America by participating in tenders.”
“Standalone and Consolidated Un-audited Financial Results... for the First Quarter... approved and taken on record.”
Official Quarterly Documents
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This summary is AI-generated from Apar Industries Limited's latest quarterly filing and earnings call. For informational purposes only — not investment advice.