Apar Industries Limited

rs,

mplex, Bandra (E), Mumbai – 400 051. Corporate Relations Department, Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Mumbai - 400 001. Scrip Symbol : APARINDS Scrip Code : 532259 Kind Att

25 %

rticulars Revenue from Operations EBITDA* EBITDA Margin PAT PAT Margin Q2 FY26 Q2 FY25 % Change Q1 FY26 % Change (₹ crores, unless stated otherwise) H1 FY26 % Change H1 FY

26 %

m Operations EBITDA* EBITDA Margin PAT PAT Margin Q2 FY26 Q2 FY25 % Change Q1 FY26 % Change (₹ crores, unless stated otherwise) H1 FY26 % Change H1 FY25 5,715 4,645 23

23.1%

% Change (₹ crores, unless stated otherwise) H1 FY26 % Change H1 FY25 5,715 4,645 23.1% 5,104 12.0% 10,820 8,655 25.0% 499 402 24.0% 501 -0.3% 1,000 796 25.5%

12.0%

crores, unless stated otherwise) H1 FY26 % Change H1 FY25 5,715 4,645 23.1% 5,104 12.0% 10,820 8,655 25.0% 499 402 24.0% 501 -0.3% 1,000 796 25.5% 8.7% 8.7% 0

25.0%

rwise) H1 FY26 % Change H1 FY25 5,715 4,645 23.1% 5,104 12.0% 10,820 8,655 25.0% 499 402 24.0% 501 -0.3% 1,000 796 25.5% 8.7% 8.7% 0.0% 9.8% -1.1% 9.2%

24.0%

Change H1 FY25 5,715 4,645 23.1% 5,104 12.0% 10,820 8,655 25.0% 499 402 24.0% 501 -0.3% 1,000 796 25.5% 8.7% 8.7% 0.0% 9.8% -1.1% 9.2% 9.2% 0.0% 252

0.3%

FY25 5,715 4,645 23.1% 5,104 12.0% 10,820 8,655 25.0% 499 402 24.0% 501 -0.3% 1,000 796 25.5% 8.7% 8.7% 0.0% 9.8% -1.1% 9.2% 9.2% 0.0% 252 4.4% 194 4

25.5%

23.1% 5,104 12.0% 10,820 8,655 25.0% 499 402 24.0% 501 -0.3% 1,000 796 25.5% 8.7% 8.7% 0.0% 9.8% -1.1% 9.2% 9.2% 0.0% 252 4.4% 194 4.2% 30.0% 0.2% 26

8.7%

5,104 12.0% 10,820 8,655 25.0% 499 402 24.0% 501 -0.3% 1,000 796 25.5% 8.7% 8.7% 0.0% 9.8% -1.1% 9.2% 9.2% 0.0% 252 4.4% 194 4.2% 30.0% 0.2% 263 5.2%

0.0%

% 10,820 8,655 25.0% 499 402 24.0% 501 -0.3% 1,000 796 25.5% 8.7% 8.7% 0.0% 9.8% -1.1% 9.2% 9.2% 0.0% 252 4.4% 194 4.2% 30.0% 0.2% 263 5.2% -4.2% -0.8

9.8%

,820 8,655 25.0% 499 402 24.0% 501 -0.3% 1,000 796 25.5% 8.7% 8.7% 0.0% 9.8% -1.1% 9.2% 9.2% 0.0% 252 4.4% 194 4.2% 30.0% 0.2% 263 5.2% -4.2% -0.8% 515

“Domestic revenue grew 14.5% over Q2 FY25 and 24.9% over H1 FY25.”

“Exports grew 43.1% v/s Q2 FY25 and 25.2% v/s H1 FY25.”

“Export mix stands at 34.7% in Q2 FY26 v/s 29.8% in Q2 FY25 and it stands at 33.2% in H1 FY26.”

“US revenue grew 129.6% over Q2 FY25 and on half year basis it grew 122.1% YoY EBITDA post open period forex in Q2 FY26 up 24.0% YoY, on the back of volume growth, execution of high margin orders, change in product mix and improved US business performance.”

“EBITDA post open period forex in H1 FY26 grew 25.5% v/s H1 FY25.”

“H1 FY26 revenue stands at ₹ 5,885 crores, higher than H1 FY25 by 39.0%.”

“Volume for quarter grew 16.2% v/s Q2 FY25 and it grew 16.8% v/s H1 FY25 Domestic revenue posted YoY growth of 25.7% over Q2 FY25 and 41.4% over H1 FY25 Exports grew 74.6% in Q2 FY26, contributing 24.2% to total conductor division’s revenue in Q2 FY26 as against 18.7% in Q2 FY25 while it grew 31.0% in H1 FY26 contributing 22.3% to total conductor divisions revenue in H1 FY26 as against 23.6% in H1 FY25 US revenue up 145.7% over Q2 FY25 due to lower base LY and up 113.1 % over H1 FY25.”

“Premium product mix stands at 45.4% in Q2 FY26 v/s 42.2% in Q2 FY25 and 44.5% in H1 FY26 v/s 39.9% in H1 FY25 EBIDTA post open period forex came in at ₹ 248 crores up 21.4% v/s Q2 FY25 and it came in at ₹ 497 crores up 27.0% v/s H1 FY25.”

“EBITDA per MT stands at ₹ 39,363 in Q2 FY26 v/s ₹ 37,702 in Q2 FY25 due to better product mix, and improved US mix.”

“Domestic transformer oil business remained strong with volume growth of 13.6% v/s Q2 FY25 and 17.3% v/s H1 FY25.”

CONSOLIDATED FINANCIAL HIGHLIGHTS

1

CONSOLIDATED FINANCIAL HIGHLIGHTS

Particulars Revenue from Operations EBITDA* EBITDA Margin PAT PAT Margin Q2 FY26 Q2 FY25 % Change Q1 FY26 % Change (₹ crores, unless stated otherwise) H1 FY26 % Change H1 FY25 5,715 4,645 23.1% 5,104 12.0% 10,820 8,655 25.0% 499 402 24.0% 501 -0.3% 1,000 796 25.5% 8.7% 8.7% 0.0% 9.8% -1.1% 9.2% 9.2% 0.0% 252 4.4% 194 4.2% 30.0% 0.2% 263 5.2% -4.2% -0.8% 515 4.8% 396 4.6% 29.9% 0.2% * Adjusted for post open period forex before unallocable corporate expenditure net of income  Q2 revenue grew 23.1% over LY Q2 to reach ₹ 5,715 crores. H1 revenue reached ₹ 10,000 crores, making it historic high half yearly revenue with a YoY growth of 25.0%. Sustained performance in domestic      business, mix change and growth in export business fuelled revenue growth. Domestic revenue grew 14.5% over Q2 FY25 and 24.9% over H1 FY25. Exports grew 43.1% v/s Q2 FY25 and 25.2% v/s H1 FY25. Export mix stands at 34.7% in Q2 FY26 v/s 29.8% in Q2 FY25 and it stands at 33.2% in H1 FY26. US revenue grew 129.6%