APAR approves further investment of up to USD 100 million in Singapore unit
APARINDS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 2.0 pts more than Nifty Midcap 150 and 2.7 pts more than its Other Electrical Equipment peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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APAR approved further investment of up to USD 100 million in Petroleum Specialities Pte. Ltd., its wholly owned Singapore unit. Consolidated Q2 FY27 revenue rose 21.3% year on year to Rs 6,931 crore, PAT rose 77.8% to Rs 447 crore and EBITDA margin widened 270 basis points. H1 revenue and PAT rose 25.0% and 77.7%. Consolidated operating cash outflow was Rs 836.82 crore; the limited review was unmodified.
Results and a record Rs 12,025 crore order book are positive, but the Singapore investment and negative operating cash flow raise funding needs.