Apar's Q4 profit edges up. But margins take a hit

Apar Industries just plugged in a powerful set of numbers for the Q4 FY25 quarter, but not without a few warning signs. The stock surged 12 per cent today (May 15, 2025) after the company posted a 6 per cent rise in net profit and a 17 per cent jump in revenue, touching a record Rs 5,210 crore. On the surface, that's solid. But peel back a layer and the shine dulls a bit — EBITDA margin dropped to 9.3 per cent from 10.3 per cent last year. So, while revenue is zipping ahead, profitability is facing headwinds. What does Apar Industries do? If you've used electricity, chances are you've used something Apar helped build. This 65-year-old company is a key player in conductors, cables and specialty oils. Its products power transmission lines, railways and industrial machines across 140+ countries, with big clients in the US, India and beyond. Metric Value Market cap Rs 30,144 cr P/E ratio 36.7 P/B ratio 6.69 Industry P/E 43.18 Debt to equity