Apar Industries Shares Gain 5% After Q2 Profit and EBITDA Beat Estimates
Apar Industries reported second-quarter profit after tax of ₹447 crore, versus a CNBC-TV18 poll estimate of ₹339 crore and ₹51.7 crore a year earlier. Shares gained 5%, and margins expanded by 190 basis points.
Sharres of Apar Industries gained on Thursday, October 29, after the company reported its second quarter results.It reported a profit after tax (PAT) increased to ₹447 crore compared to a CNBC-TV18 poll of ₹339 crore. It was also up 77.6% from the previous year's ₹51.7 crore.Its revenue was in-line…