APAR INDUSTRIES Results Analysis-Q1FY27

Financial performance and key operating metrics (consolidated) Operating Revenue for Q1FY27 is Rs. 6,591 Crs., 29.13% growth YoY, Total Income is Rs. 6,625 Crs., 29.16% growth YoY, Gross Profit is Rs. 1,525 Crs., 42.38% growth YoY, EBITDA is Rs. 758 Crs., 67.51% growth YoY, EBITDA Margin is 11.49% improved by 263 basis points YoY, PBT Rs. 623 Crs., 76.61% growth YoY, PAT Rs. 467 Crs. 77.8% growth YoY. On QoQ basis Op. Revenue is flat to down by 0.18%, Total Income is also flat up by 0.03%, But Gross Profit is up by 7.71%, EBITDA is up by 52.77%, EBITDA Margin also improved by 398 BPS, PBT is up by 89.29% and PAT is also up by 84.44%. Domestic revenue up 36.9% over Q1 FY26 and flat v/s Q4 FY26. Exports grew 12.4% vs Q1 FY26 and down by 0.6% v/s Q4 FY26. “the highest quarterly sales as well as profit number… in the history of the company,” achieved despite external disruptions. Conductor division : Pending order book: ₹10,190 cr, with 56.8% exports, New orders in Q1: ₹5,245 cr, with 65.8% exports.