Apar Industries zooms 42% in two days, hits record high on robust earnings

The management said the company witnessed volume growth across all the three divisions and the net profit tripled on a YoY basis.

Shares of Apar Industries hit a new high of Rs 1,999, as they rallied 18 per cent on the BSE in Wednesday’s intra-day trade, extending its previous day surge after the company reported 210 per cent year-on-year (YoY) jump in consolidated profit after tax to Rs 170 crore in December quarter (Q3FY23), led by strong operational performance.

In past two trading days, the stock has zoomed 42 per cent. It surpassed its previous high of Rs 1,864, touched on January 5, 2023.

The company’s consolidated sales grew 76.9 per cent YoY to Rs 3,942 crore in Q3FY23. Earnings