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APARINDS Apar Industries News Story

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IndustrialsAdventurousLarge CapHigh Flyer

India's Apar Industries hits 3-month high on quarterly profit jump

** Shares of Apar Industries APAR.NS rose as much as 5.41% to 9,600 rupees, a three-month high

** Cables and electrical components supplier's shares last up 4%

** Jump after APAR posts 30% y-o-y rise in consolidated net profit in the September quarter

** Ops revenue jumps 23% to 57.15 billion indian rupees  ($650.21 million)

** Strong growth in export business and healthy domestic performance have led to the robust quarterly results, says Kushal Desai, chairman and MD

** Adds, while the U.S. tariff situation is fluid, fundamental growth drivers remain intact

** YTD, APAR down 11.7% vs 1.5% drop in Nifty Smallcap 100 index .NIFSMCP100

($1 = 87.8950 Indian rupees)

 (Reporting by Bharath Rajeswaran in Bengaluru)

 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))

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