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APAR Industries (APARINDS) investor relations material
APAR Industries Q4 25/26 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved record annual consolidated revenue of ₹22,902 crore in FY26, up 23.3% year-over-year, with all-time high PAT of ₹977 crore, up 19.0% year-over-year, driven by strong domestic demand, scaling US business, and improved product mix.
Q4 FY26 consolidated revenue reached ₹6,625 crore, up 26.7% year-over-year, with EBITDA of ₹584 crore (+19.3% YoY) and PAT at ₹254 crore (+1.4% YoY), impacted by one-off provisions and forex effects; excluding one-offs, Q4 PAT up 14%.
Growth supported by robust domestic and US performance, higher realisations, and premium product focus; exports contributed up to 29.8% of revenue.
Excluding non-operating impacts, FY26 PAT growth would have been 27% year-over-year.
EBITDA for FY26 rose to ₹2,067 crore (+23.0% YoY), with margin at 9.0%.
Financial highlights
Domestic revenue grew 29% annually; export revenue up 12%; US revenue surged nearly 50% year-over-year.
Q4 domestic revenue up 33.6%, exports up 13.3%; US Q4 revenue up 28.8% year-over-year and 250% sequentially.
Export revenue share at 29.8% for FY26; Q4 export mix at 27.6%.
EBITDA margin for FY26 at 9%; PAT margin at 4.3%.
Exceptional loss of ₹33 crore in FY26 due to wage code, MTM impact, and legal provision.
Outlook and guidance
Strong order book in conductors (₹7,671 crore pending, 38.9% export mix) and cables (₹1,800 crore pending); new order inflow in conductors at ₹11,450 crore (+24.2% YoY).
Medium to long-term conductor EBITDA margin guidance at ₹35,000–36,000 per metric ton plus tailwinds.
CapEx for FY27 planned at ₹1,500 crore to support future growth, up from ₹740 crore in FY26.
Focus remains on premium, high-margin products, expanding global presence, and strong growth expected in US and Indian markets, especially in data centers, renewables, and transmission infrastructure.
Short-term demand expected to slow due to high metal prices, freight costs, and supply chain disruptions from geopolitical tensions.
- Q2 FY25 revenue up 18.4% YoY, PAT up 11.5%, with strong domestic growth and high ROE.APARINDS
Q2 24/259 Jul 2026 - FY25 revenue hit INR 18,581 crore (+15% YoY) with robust growth and strong US/domestic performance.APARINDS
Q4 24/258 Jul 2026 - Q3 FY25 revenue up 17.7% YoY, but margins and PAT declined amid export headwinds.APARINDS
Q3 24/258 Jul 2026 - Record nine-month revenue and profit growth driven by strong domestic demand and premium products.APARINDS
Q3 25/268 Jul 2026 - Q1 FY25 revenue up 6.5% to ₹4,011 crore, with strong domestic growth and resilient margins.APARINDS
Q1 24/252 Feb 2026 - Targets ₹10,000 crore cable sales by FY29, led by innovation, premiumization, and global expansion.APARINDS
Investor Day 202423 Jan 2026 - Record H1 revenue up 25% YoY, with exports and US business fueling double-digit profit growth.APARINDS
Q2 25/2617 Dec 2025 - Q1 FY26 delivered 27.3% revenue and 29.9% PAT growth, led by strong conductor and cable performance.APARINDS
Q1 25/2616 Nov 2025
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