Stock market today, Jan. 28 -- Shares of Apar Industries, manufacturer and supplier of conductors, cables, specialty oils, polymers and lubricants, tumbled 20% to the lower price band on Tuesday, January 28 following the earnings announcement for the third quarter of the financial year 2024-25 (Q3 FY25).

The company witnessed a decline in profit and EBITDA even as the revenue grew during the quarter ended December 2024.

Apar Industries witnessed a 19.7% year-on-year (YoY) decline in Q3 consolidated profit to Rs.175 crore. Earnings before interest, depreciation, tax and amortization (EBITDA) post-open period forex declined 7.1% YoY to Rs. 401 crore.

The decline comes even as revenue for the quarter increased by 17.7% YoY to Rs.4,716 cro...