Investor Presentation

SEC/2407/2026 By E-Filing July 24, 2026 National Stock Exchange of India Limited BSE Limited “Exchange Plaza”, Corporate Relations Department, C-1, Block G, Phiroze Jeejeebhoy Towers, Bandra- Kurla Complex, Dalal Street, Bandra (E), Fort, Mumbai – 400 051. Mumbai - 400 001. Scrip Symbol : APARINDS Scrip Code : 532259 Kind Attn.: Listing Department Kind Attn. : Corporate Relationship Department Sub. : Earnings Call Update for Q1FY27 Ref.: Regulation 30 and all other applicable regulations, if any, of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended from time to time. Dear Sir / Madam, We are enclosing herewith an Earnings Call Update for the First Quarter and Three Months period ended June 30, 2026 (2026-27) for the information of members and investors under the above regulations. Thanking you, Yours Faithfully, For APAR Industries Limited (Sanjaya Kunder) Company Secretary Encl. : As Above APAR Industries Limited Corporate Office : APAR House, Corporate Park, V. N. Purav Marg, Chembur, Mumbai - 400 071, India +91 22 4957 2100/6780 0400 corporate@apar.com www.apar.com Regd. Office: 301/306, Panorama Complex, R. C. Dutt Road, Alkapuri, Vadodara - 390007, India +91 265 6178 740 apar.baroda@apar.com www.apar.com CIN: L91110GJ1989PLC012802 Q1 FY27 EARNINGS CALL UPDATE CONSOLIDATED FINANCIAL HIGHLIGHTS: (₹ crores, unless stated otherwise) Particulars Q1 FY27 Q1 FY26 % Change Q4 FY26 % Change Revenue from 6,591 5,104 29.1% 6,603 -0.2% Operations (₹ crores) EBITDA* 814 501 62.7% 584 39.4% EBITDA Margin (%) 12.4% 9.8% 2.6% 8.8% 3.6% Exceptional Loss 0 0 - 8 -100.0% Net Profit (₹ crores) 467 263 77.7% 254 84.2% Net Profit Margin (%) 7.1% 5.2% 1.9% 3.8% 3.3% * Adjusted for post open period forex before unallocable corporate expenditure net of income  Q1 FY27 revenue stands at ₹ 6,591 crores, up 29.1% over Q1 FY26 and down 0.2% v/s Q4 FY26.  Domestic revenue up 36.9% over Q1 FY26 and flat v/s Q4 FY26.  Exports grew 12.4% v/s Q1 FY26 and down 0.6% v/s Q4 FY26. Export contributes to 27.5% of revenue in Q1 FY27 v/s 31.6% in Q1 FY26 and 27.6% in Q4 FY26. US revenue down 11.1% YoY and down 14.6% QoQ.  EBITDA post open period forex reached ₹ 814 crores in Q1 FY27, higher than Q1 FY26 by 62.7% and higher than Q4 FY26 by 39.4%. EBITDA margin stood at 12.4% in Q1 FY27 as compared to 9.8% in Q1 FY26 & 8.8% in Q4 FY26.  PAT stands at ₹ 467 crores, up 77.7% v/s Q1 FY26 and up 84.2% v/s Q4 FY26. PAT margin in Q1 FY27 came in at 7.1%, up 190 bps v/s Q1 FY26 and up 330 bps v/s Q4 FY26. APAR Industries Limited Corporate Office: APAR House, Corporate Park, V N Purav Marg, Chembur, Mumbai 400 071, India +91 22 2526 3400/6780 0400 corporate@apar.com www.apar.com Regd Office: 301/306, Panorama Complex, RC Dutt Road, Alkapuri, Vadodara - 390 007, India +91 265 6178 700/6178 709 apar.baroda@apar.com www.apar.com CIN: L91110GJ1989PLC012802 1 Earnings call update July 2026 Q1 FY27 EARNINGS CALL UPDATE CONDUCTOR DIVISION HIGHLIGHTS: (₹ crores, unless stated otherwise) Particulars Q1 FY27 Q1 FY26 % Change Q4 FY26 % Change Revenue from 3,338 2,785 19.9% 3,764 -11.3% Operations (₹ crores) Volume (MT) 53,279 57,132 -6.7% 64,957 -18.0% EBITDA* 285 250 14.0% 292 -2.5% EBITDA* per MT 53,418 43,688 22.3% 44,919 -18.0% EBITDA* Margin (%) 8.5% 9.0% -0.5% 7.8% 0.7% * Adjusted for post open period forex before unallocable corporate expenditure net of income  Revenue for Q1 FY27 reached ₹ 3,338 crores, representing YoY growth of 19.9% driven by product mix and higher realisation; revenue was down 11.3% v/s Q4 FY26.  Volume for the quarter was 53,279 MT, down 6.7% v/s Q1 FY26 and down 18.0% v/s Q4 FY26. Surge in metal prices impacted order booking and delivery schedule of orders in hand  Domestic revenue posted YoY growth of 19.3% over Q1 FY26 and was down 10.1% v/s Q4 FY26.  Exports grew by 22.2% v/s Q1 FY26 and were down 15.7% v/s Q4 FY26. Export mix stands at 20.5% in Q1 FY27 v/s 20.1% in Q1 FY26 and 21.6% in Q4 FY26.  US revenue was down 34.0% v/s Q1 FY26 and down 26.2% v/s Q4 FY26.  Premium product mix came in at 50.3% in Q1 FY27 v/s 43.7% in Q1 FY26 and 45.8% in Q4 FY26.  EBITDA post open period forex up 14.0% v/s Q1 FY26 to reach ₹ 285 crores, with EBITDA per MT at ₹ 53,418 in Q1 FY27 v/s ₹ 43,688 in Q1 FY26 and ₹ 44,919 in Q4 FY26.  Pending order book was ₹ 10,190 crores, of which exports contribute 56.8%  New order received stood at ₹ 5,245 crores in Q1 FY27 of which exports contribute 65.8%. This includes large orders exceeding ₹ 2,800 crores from two major overseas electric utility companies with a delivery period spread over next 4 years reinforcing the investments behind transmission capex globally APAR Industries Limited Corporate Office: APAR House, Corporate Park, V N Purav Marg, Chembur, Mumbai 400 071, India +91 22 2526 3400/6780 0400 corporate@apar.com www.apar.com Regd Office: 301/306, Panorama Complex, RC Dutt Road, Alkapuri, Vadodara - 390 007, India +91 265 6178 700/6178 709 apar.baroda@apar.com www.apar.com CIN: L91110GJ1989PLC012802 2 Earnings call update July 2026 Q1 FY27 EARNINGS CALL UPDATE OIL DIVISION HIGHLIGHTS: (₹ crores, unless stated otherwise) Particulars Q1 FY27 Q1 FY26 % Change Q4 FY26 % Change Revenue from 1,701 1,262 34.7% 1,311 29.8% Operations (₹ crores) Volume (KL) 1,29,085 1,49,497 -13.7% 1,49,234 -13.5% EBITDA* 329 105 214.2% 84 289.7% EBITDA* per KL 25,482 7,004 263.8% 5,656 -18.0% EBITDA* Margin (%) 19.3% 8.3% 11.0% 6.4% 12.9% * Adjusted for post open period forex before unallocable corporate expenditure net of income  Revenue for Q1 FY27 came in at ₹ 1,701 crores, posting YoY growth of 34.7%, and QoQ growth of 29.8%.  Volume for the quarter stood at 1,29,085 KL, lower by 13.7% v/s Q1 FY26 and by 13.5% v/s Q4 FY26.Volumes were lower at our UAE facility mainly due to the middle east crisis resulting in closure of Hamriyah port. Also lower allocation by oil suppliers in the month of April affected volumes, which however, got restored subsequently.  Exports up by 33.4% v/s Q1 FY26 and up 30.5% v/s Q4 FY26. Export mix stands at 36.4% in Q1 FY27 v/s 36.8% in Q1 FY26 and 36.2% in Q4 FY26.  Domestic Transformer oil volume degrew 6.2% while Global transformer oil volume degrew 8.0% YoY. Auto oil volume grew 6.6% and Industrial Lubricant oil volume grew 12.1%  EBITDA post open period forex up 214.2% v/s Q1 FY26 to reach ₹ 329 crores, with EBITDA per KL at ₹ 25,482 in Q1 FY27 v/s ₹ 7,004 in Q1 FY26 and ₹ 5,656 in Q4 FY26.  With ICE gas oil moving sharply upwards, as witnessed in Q1, the selling price for oil products increases and similarly vice-versa. In line with prudent compliance and requirement of accounting standards, a provision of Rs 93 crores has been made. APAR Industries Limited Corporate Office: APAR House, Corporate Park, V N Purav Marg, Chembur, Mumbai 400 071, India +91 22 2526 3400/6780 0400 corporate@apar.com www.apar.com Regd Office: 301/306, Panorama Complex, RC Dutt Road, Alkapuri, Vadodara - 390 007, India +91 265 6178 700/6178 709 apar.baroda@apar.com www.apar.com CIN: L91110GJ1989PLC012802 3 Earnings call update July 2026 Q1 FY27 EARNINGS CALL UPDATE CABLE DIVISION HIGHLIGHTS: (₹ crores, unless stated otherwise) Particulars Q1 FY27 Q1 FY26 % Change Q4 FY26 % Change Revenue from 1,838 1,419 29.5% 1,903 -3.4% Operations (₹ crores) EBITDA* 194 142 36.7% 202 -3.7% EBITDA* Margin (%) 10.6% 10.0% 0.6% 10.6% 0.0% * Adjusted for post open period forex before unallocable corporate expenditure net of income  Revenue for the quarter up by 29.5% v/s Q1 FY26 to reach 1,838 crores. Revenue is down by 3.4% v/s Q4 FY26  Domestic revenue grew 59.9% v/s Q1 FY26 and degrew 2.7% v/s Q4 FY26  Export degrew 13.7% v/s Q1 FY26 and degrew 5.3% v/s Q4 FY26. Export mix stands at 27.6% in Q1 FY27 v/s 41.3% in Q1 FY26 and 28.1% in Q4 FY26  US revenue up 2.5% v/s Q1 FY26 and degrew 9.1% v/s Q4 FY26.  Pending order book is at ₹ 1,925 crores compared to Rs 1,653 crores year ago. New order inflow from US [Showing first 8,000 characters — download PDF for full document]