CARE Ratings has upgraded Apar Industries' long-term rating to 'CARE AA' from 'CARE AA-' with a stable outlook, as reported by Business Standard. The rating agency has also affirmed the company's short-term rating at 'CARE A1+'. The upgrade factors in Apar's strengthening business profile, reflected in sustained growth in scale of operations and improving profitability across its conductors, cables and speciality oils businesses. The rating upgrade also reflects significant strengthening of the company's capital structure following the successful completion of the ₹2,500-crore qualified institutions placement (QIP) in August 2026.
Apar Industries shares traded 0.50% lower at ₹17,354.20 on Wednesday ahead of its dividend record date, as reported by Business Standard. The global energy infrastructure solutions provider has set Monday, September 14 as the record date to determine shareholder eligibility for the payout. According to the company's BSE filing, investors must own the stock on or before this date to become eligible for the dividend distribution.
The company reported robust financial results with consolidated net profit surging 77.80% to ₹467.45 crore in Q1 FY27, as reported by Business Standard. Revenue increased by 29.16% to ₹6,566.62 crore compared with Q1 FY26. Operating income showed healthy growth of 23.2% to ₹22,902 crore in FY26 and 29.1% year-on-year to ₹6,591 crore in Q1 FY27. Profit before interest, lease rentals, depreciation and taxation (PBILDT) increased by 21.1% to ₹1,922 crore in FY26, while operating margins improved to 11.50% in Q1 FY27 from 8.86% in Q1FY26, supported by increasing contribution from premium products.
The company's board announced a ₹60 final dividend per equity share for financial year 2025-26, representing 600% of the face value of the ₹10-faced shares. As reported by Live Mint, the dividend payment will be subject to approval at the company's annual general meeting scheduled for September 21. The dividend declaration at the AGM will be paid within the statutory period of approximately 30 days from the corporate action announcement.
CARE Ratings has also revised the credit ratings for bank facilities availed by Apar Industries, as announced by the company. The rating agency has upgraded the long-term bank facilities rating to 'CARE AA' from previous ratings. For bank facilities, CARE has upgraded the long-term rating and reaffirmed the short-term rating at 'CARE A1+'. This additional upgrade reflects the company's strengthened financial position and improved creditworthiness across its banking relationships.
