APAR Industries (APARINDS) investor relations material

Executive summary

• Consolidated revenues grew 29.1% year-over-year to ₹6,591 crore, with domestic revenue up 36.8% and export revenue up 12.4%.

• EBITDA rose 62.7% year-over-year to ₹814 crore, with margin improving to 12.4% from 9.8% last year.

• Profit after tax increased 77.7% to ₹467 crore, with PAT margin at 7.1%.

• Board approved unaudited standalone and consolidated financial results for Q1 FY2026-27, covering the three months ended June 30, 2026.

• Achieved highest-ever quarterly sales and profit despite external challenges such as the U.S.-Iran war, logistics issues, and manpower shortages.

Financial highlights

• Conductor division revenue grew 19.9% to ₹3,338 crore; volume down 6.7% due to metal price volatility.

• Oil division revenue up 34.7% to ₹1,701 crore; EBITDA up 214% to ₹329 crore, with margins at ₹25,482 per KL.

• Cable division revenue up 29.5% to ₹1,838 crore; domestic revenue up 59.9%, export revenue down 13.7%.

• Working capital cycle maintained at 45-50 days, with improvements in debtor and inventory days.

• Total expenses increased 25.7% YoY to ₹6,002 crore; finance cost rose 42.7% YoY to ₹123 crore.

Segment performance

• Conductor division: Premium products contributed 50.3% of revenue, up from 43.7% last year; EBITDA per ton rose to ₹53,418.

• Oil division: Volumes impacted by Middle East crisis and UAE port closure; India volume down 4.4%, global transformer oil down 8%, but auto and industrial lubricants grew 6.6% and 12.1% respectively.

• Cable division: EBITDA up 36.7% to ₹194 crore; margin at 10.6%. New U.S. approvals enable participation in copper cable RFQs for major data centers.

• Wires and B2C retail sales grew 46%; B2B channel business up 92% year-over-year.

• Export mix for conductor, oil, and cable divisions at 20.5%, 36.4%, and 27.6% respectively for Q1 FY27.