| Revenue growth | FY26 revenue reached record ₹22,902 Cr, up 23.3% YoY. |
|---|---|
| Margins | Conductor EBITDA/MT guidance ₹35,000-₹36,000; Cable margins ~10.2%. |
| Order book | Conductor order book at ₹7,671 Cr; Cable pending orders ~₹1,800 Cr. |
| Demand visibility | Strong signals from U.S. utilities and Indian renewable energy expansion. |
| Management confidence | High confidence in U.S. market recovery and data center demand. |
Growth
FY26 Revenue up 23.3% to ₹22,902 Cr; PAT grew 19% to ₹977 Cr; EBITDA post-forex grew 23%.
Outlook
FY27 Capex planned at ₹1,500 Cr; Conductor margin guidance set at ₹35,000-₹36,000 per MT plus tailwinds.
Risks
High metal prices, increased freight costs due to Middle East conflict, and U.S. Section 232 tariffs on aluminum.
Last quarter's promises, checked
Delivered
- Guided Cable revenue growth 20%+ → delivered 25.8% (= BEAT)
- Guided Cable EBITDA margin 9.5-10% → delivered 10.2% (= BEAT)
- Guided Conductor EBITDA/MT ₹30,000+ → delivered ₹35,000-₹36,000 (= BEAT)
Partly delivered
- Guided FY26 Capex ₹1,400 Cr → delivered ₹1,500 Cr planned for FY27 (= PARTIAL)
Missed
- Guided FY26 Conductor volume growth 8-9% → delivered 8.6% (= DELIVERED/BEAT)
- Guided U.S. revenue equal to/greater than FY25 → delivered growth (= BEAT)
Earnings Call filed with BSE, NSE: APARINDS. Summary written with AI assistance from the document.
Apar Industries Ltd: key numbers
- Share price
- ₹18,160.00
- Market cap
- ₹76,040 Cr
- Revenue (annual)
- ₹22,902 Cr
- Net profit (annual)
- ₹976.9 Cr
- P/E (TTM)
- 64.4×Sector 45.6×
- Promoter holding
- 55.42%-2.35% QoQ
- FII holding
- 11.36%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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