Apar Industries Q2 FY27 Results: Consolidated Net Profit ₹447 Crore on Total Income of ₹6,993 Crore
Earnings
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Blacklitt Research3 min read
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Apar Industries (NSE: APARINDS) reported consolidated total income of ₹6,992.51 crore and net profit of ₹447.32 crore for the quarter ended 30 Sep 2026. Standalone total income was ₹6,902.40 crore and net profit ₹435.19 crore. It said in a filing on 29 Oct 2026.
Key highlights
Consolidated
Including its subsidiaries
Total income: ₹6,992.51 crore, up 21.8% YoY and 5.6% QoQ
Net profit and EPS: ₹447.32 crore, up 77.7% YoY and down 4.3% QoQ; basic EPS ₹110.10
Finance costs: ₹138.25 crore, up 28.1% YoY and 12.2% QoQ
Pending order book: ₹12,025 crore at quarter end, up 67.2% against H1 FY26
Standalone
The company on its own, without its subsidiaries
Total income: ₹6,902.40 crore, up 25.8% YoY and 6.0% QoQ
Net profit and EPS: ₹435.19 crore, up 71.4% YoY and down 3.9% QoQ; basic EPS ₹107.12
Finance costs: ₹136.43 crore, up 30.9% YoY and 12.3% QoQ
Summary
Consolidated ₹ crore
Particulars
Q2 FY27
Q2 FY26
YoY
Q1 FY27
QoQ
6,992.51
5,738.67
+21.8%
6,624.71
+5.6%
Revenue from operations
6,931.19
5,715.42
+21.3%
6,591.06
+5.2%
Other income
61.32
23.25
+163.7%
33.65
+82.2%
447.32
251.70
+77.7%
467.45
-4.3%
Profit before tax
596.83
340.53
+75.3%
622.60
-4.1%
Finance costs
138.25
107.90
+28.1%
123.17
+12.2%
Depreciation
47.14
39.88
+18.2%
45.71
+3.1%
Tax expense
149.51
88.83
+68.3%
155.15
-3.6%
Net profit margin
6.40%
4.39%
+2.01 pp
7.06%
-0.66 pp
EPS, basic (₹)
110.10
62.66
+75.7%
116.37
-5.4%
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Net profit grew faster than total income in the quarter. Total income rose 21.8% YoY and net profit 77.7%. Tax expense of ₹149.51 crore is 25.1% of profit before tax of ₹596.83 crore, against ₹88.83 crore on ₹340.53 crore a year earlier.
Other income rose 163.7% to ₹61.32 crore, which is 0.9% of total income and 10.3% of profit before tax. Revenue from operations, up 21.3% to ₹6,931.19 crore, remains the larger part of income. Profit before tax includes a ₹0.11 crore share of profit of associates.
Finance costs of ₹138.25 crore are 2.0% of total income and rose faster than revenue from operations, up 28.1% YoY. The notes say a provision of ₹32.53 crore for past service cost on gratuity and compensated absences was made in the previous year and accounted under exceptional items.
The pending order book stands at ₹12,025 crore, and new orders of ₹4,775 crore received in the quarter equal 39.7% of it. The company says its order book looks strong. The consolidated review report says six subsidiaries with total revenue of ₹173.08 crore for the quarter were not reviewed by the auditors, and that this does not modify the conclusion.
Standalone ₹ crore
Particulars
Q2 FY27
Q2 FY26
YoY
Q1 FY27
QoQ
6,902.40
5,486.51
+25.8%
6,511.06
+6.0%
Revenue from operations
6,837.72
5,462.93
+25.2%
6,477.35
+5.6%
Other income
64.68
23.58
+174.3%
33.71
+91.9%
435.19
253.87
+71.4%
453.05
-3.9%
Profit before tax
586.69
341.67
+71.7%
610.79
-3.9%
Finance costs
136.43
104.26
+30.9%
121.53
+12.3%
Depreciation
42.63
36.63
+16.4%
42.11
+1.2%
Tax expense
151.50
87.80
+72.6%
157.73
-3.9%
Net profit margin
6.30%
4.63%
+1.68 pp
6.96%
-0.65 pp
EPS, basic (₹)
107.12
63.20
+69.5%
112.79
-5.0%
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Standalone net profit rose 71.4% YoY to ₹435.19 crore, slower than the 77.7% consolidated rise and well ahead of the 25.8% growth in total income of ₹6,902.40 crore. Standalone profit before tax of ₹586.69 crore carries tax of ₹151.50 crore, or 25.8%.
Standalone other income of ₹64.68 crore is 0.9% of total income, up 174.3% YoY. Standalone finance costs of ₹136.43 crore are 2.0% of total income, up 30.9% from a year earlier and 12.3% from the previous quarter.
Note 4 says the company infused ₹5.76 crore in its wholly owned subsidiary APAR Brazil Ltda during the quarter. Consolidated net profit of ₹447.32 crore is ₹12.13 crore above standalone net profit of ₹435.19 crore.
Inference
The filing says the Share Issue Committee of the board approved on 13 Aug 2026 the allotment of 16,88,618 equity shares at a premium of ₹14,795 per share, aggregating ₹2,500 crore, to eligible Qualified Institutional Buyers. The chairman and managing director says the company completed a fund raise by Qualified Institutional Placement. The consolidated cash flow statement shows net proceeds from the issue of equity shares of ₹2,472.28 crore.
The Board re-appointed Mr. Kaushal J. Sampat as an Independent Director for a second term of 5 consecutive years from 31 Jan 2027, subject to shareholder approval.
The Board approved an additional investment in Petroleum Specialities Pte Ltd, Singapore, of up to USD 100 million, to be made in FY 2026-27 in single or multiple tranches. The company says an earlier proposal of USD 10 million was not acted upon for some reason. The filing does not give the reason for the change in finance costs or the quarterly profit, and does not say what the USD 100 million will be used for beyond corporate action.
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