Apar Industries touched a day high of Rs 14,685, before cooling off sharply, after Q1 profit jumped 77.8% year on year to Rs 467.5 crore.

The numbers behind the move were strong across the board. Consolidated net profit for the June quarter came in at Rs 467.5 crore, up from Rs 262.9 crore a year earlier, and also 84% higher than the previous quarter.

Revenue from operations grew 29.1% to Rs 6,591.1 crore from Rs 5,104.2 crore. Profitability improved even faster than sales.

EBITDA rose 67.8% to Rs 758 crore, and the operating margin expanded to 11.5% from 9%, the highest level in at least 17 quarters.

Profit before tax rose to Rs 622.6 crore from Rs 352.5 crore. All three of Apar’s main businesses grew in double digits. Conductors brought in Rs 3,338.1 crore in revenue, power and telecom cables added Rs 1,838.1 crore, and transformer and specialty oils contributed Rs 1,700.9 crore.

That last segment saw the sharpest jump in profitability, with segment profit rising to Rs 331.3 crore from Rs 97.8 crore a year earlier.

Alongside the results, the board approved setting up a wholly owned subsidiary in the UK to trade conductors, optical ground wire, rods and cables.

It also cleared a further investment of up to BRL 3 million in its Brazilian arm, Apar Industries Latam.

Apar Industries shares closed at Rs 13,889 on the NSE, up 3.47% for the day. The stock is still up close to 66% so far this year.

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