Investor Presentation

SEC/2910/2026 By E-Filing October 29, 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 Q2& H1 FY27 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 Second Quarter and Half-year ended September 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 Q2 & H1 FY27 EARNINGS CALL UPDATE CONSOLIDATED FINANCIAL HIGHLIGHTS: (₹ crores, unless stated otherwise) Particulars Q2 FY27 Q2 FY26 % Q1 FY27 % H1 FY27 H1 FY26 % Change Change Change Revenue from Operations (₹ crores) 6,931 5,715 21.3% 6,591 5.2% 13,522 10,820 25.0% EBITDA* (₹ crores) 787 499 57.8% 814 -3.3% 1,602 1,000 60.2% EBITDA Margin (%) 11.4% 8.7% 2.7% 12.4% -1.0% 11.8% 9.2% 2.6% Net Profit (₹ crores) 447 252 77.8% 467 -4.3% 915 515 77.7% Net Profit Margin (%) 6.5% 4.4% 2.1% 7.1% -0.6% 6.8% 4.8% 2.0% * Adjusted for post open period forex before unallocable corporate expenditure net of income Q2 FY27 revenue reached at ₹ 6,931 crores, grew 21.3% over Q2 FY26 and grew 5.2% v/s Q1 FY27. Revenue for H1 FY27 grew 25.0% over H1 FY26 Domestic revenue up 34.3% over Q2 FY26 and up 4.9% v/s Q1 FY27. Similarly for H1 FY27 it grew 35.5% over H1 FY26 Exports de-grew 3.3% over Q2 FY26 with export mix of 27.6% in Q2 FY27 & 34.7% in Q2 FY26. Similarly exports grew 5.8% over Q1 FY27 with export mix of 27.5% in Q1 FY27. Exports grew 3.7% over H1 FY26 with export mix of 27.6% US revenue in Q2 FY27 down 29.7% YoY. It is flat on sequential quarter basis. It is down 21.5% on half year basis. EBITDA post open period forex reached ₹ 787 crores in Q2 FY27, higher than Q2 FY26 by 57.8% at EBITDA margin of 11.4% in Q2 FY27 compared to 8.7% in Q2 FY26. In H1 FY27 EBITDA margin stands at 11.8% PAT grew 77.8% over Q2 FY26 to reach ₹447 crores at a margin of 6.5% in Q2 FY27 v/s 4.4% in Q2 FY26. PAT in H1 FY27 up 77.7% v/s H1 FY26 with a margin of 6.8% 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 October 2026 Q2 & H1 FY27 EARNINGS CALL UPDATE CONDUCTOR DIVISION HIGHLIGHTS: (₹ crores, unless stated otherwise) Particulars Q2 FY27 Q2 FY26 % Q1 FY27 % H1 FY27 H1 FY26 % Change Change Change Revenue from Operations (₹ crores) 3,753 3,100 21.1% 3,338 12.4% 7,092 5,885 20.5% Volume (MT) 57,137 62,937 -9.2% 53,279 7.2% 1,10,416 1,20,069 -8.0% EBITDA* (₹ crores) 276 248 11.3% 285 -3.2% 560 497 12.6% EBITDA* (₹ per MT) 48,241 39,363 22.6% 53,418 -18.0% 50,739 41,421 22.5% EBITDA* Margin (%) 7.3% 8.0% -0.7% 8.5% -1.2% 7.9% 8.5% -0.6% * Adjusted for post open period forex before unallocable corporate expenditure net of income Revenue for Q2 FY27 reached ₹ 3,753 crores, representing YoY growth of 21.1% driven by higher realisations; Revenue on sequential quarter basis grew YoY 12.4% Volume for Q2 FY27 stands at 57,137 MT compared to 62,937 MT in Q2 FY26, down 9.2% YoY & Compared to Q1 FY27 it is up 7.2%. Lower volumes are mainly because of sales clearances and lower demand due to increased metal prices and freights rates Domestic revenue for Q2 FY27 grew 22.0% YoY & grew 8.0% QoQ On half year basis it grew 20.7% YoY Exports up 18.3% over Q2 FY26 with export mix of 23.6% in Q2 FY27 & 24.2%in Q2 FY26 & similarly exports up 29.5% over Q1 FY27 with export mix of 23.6% in Q2 FY27 & 20.5%in Q1 FY27. Exports grew 20.0% over H1 FY26 with export mix of 22.2% US revenue grew 12.2% over Q2 FY26 & grew 111.8% over Q1 FY27. US revenue on half year basis, de-grew 8.4% over H1 FY26 Premium product mix came in at 39.4% in Q2 FY27 v/s 45.3% in Q2 FY26 In H1 FY27 it stands at 44.1% EBITDA post open period forex grew 11.3% over Q2 FY26 to reach ₹ 276 crores in Q2 FY27 at EBITDA margin of ₹ 48,241 MT in Q2 FY27 v/s ₹ 39,363 MT in Q2 FY26. EBITDA post open forex de-grew 3.2% over Q1 FY27. EBITDA post open period forex grew 12.6% over H1 FY26 to reach ₹ 560 crores in H1 FY27 at EBITDA margin of ₹ 50,739 MT in H1 FY27 v/s ₹ 41,421 MT in H1 FY26 Pending order book stands at ₹ 12,025 crores, up 67.2% v/s H1 FY26. Export proportion in overall order book stands at 51.0% New order of ₹4,775 crores received during Q2 FY27, up 123.1% v/s Q2 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 2 Earnings call update October 2026 Q2 & H1 FY27 EARNINGS CALL UPDATE OIL DIVISION HIGHLIGHTS: (₹ crores, unless stated otherwise) Particulars Q2 FY27 Q2 FY26 % Change Q1 FY27 % Change H1 FY27 H1 FY26 % Change Revenue from Operations (₹ crores) 1,819 1,342 35.6% 1,705 6.7% 3,525 2,604 35.3% Volume (KL) 1,28,590 1,60,651 -20.0% 1,29,085 -0.4% 2,57,676 3,10,148 -16.9% EBITDA* (₹ crores) 299 105 185.7% 329 -9.1% 628 199 215.5% EBITDA* (₹ per KL) 23,262 6,517 256.9% 25,482 -18.0% 24,374 6,418 279.8% EBITDA* Margin (%) 16.4% 7.8% 8.6% 19.3% -2.9% 17.8% 7.6% 10.2% * Adjusted for post open period forex before unallocable corporate expenditure net of income Revenue for Q2 FY27 reached ₹ 1,819 crores, representing YoY growth of 35.6%. Revenue on sequential quarter basis grew YoY 6.7%. Revenue for H1 FY27 up 35.3% over H1 FY26 to ₹ 3,525 crores . Volume for Q2 FY27 stands at 1,28,590 KL compared to 1,60,651 KL in Q2 FY26, lower by 20.0% v/s Q2 FY26 & Compared to Q1 FY27 it is flat. H1 FY27 volumes for stands at 2,57,676 MT, down 16.9% over H1 FY26 Exports up 15.6% over Q2 FY26 with export mix of 37.0% in Q2 FY27 & 43.4%in Q2 FY26 & similarly exports up 8.6% over Q1 FY27 with export mix of 37.0% in Q2 FY27 & 36.4%in Q1 FY27. Exports grew 23.5% over H1 FY26 with export mix of 36.7% EBITDA post open period forex came in at 299 crores in Q2 FY27 up 185.7% over Q2 FY26 & down 9.1% over Q1 FY27. EBITDA margin stands at ₹ 23,262 per KL in Q2 FY27 v/s ₹ 6,517 per KL in Q2 FY26 & ₹ 25,482 per KL in Q1 FY27. EBITDA for H1 FY27 grew 215.5% v/s H1 FY26 to ₹628 crores. EBITDA margin stands at 24,374 per KL in H1 FY27 compared to 6,418 per KL in H1 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 3 Earnings call update October 2026 Q2 & H1 FY27 EARNINGS CALL UPDATE CABLE DIVISION HIGHLIGHTS: (₹ crores, unless stated otherwise) Particulars Q2 FY27 Q2 FY26 % Change Q1 FY27 % Change H1 FY27 H1 FY26 % Change Revenue from Operations (₹ crores) 1,875 [Showing first 8,000 characters — download PDF for full document]