APAR Industries Q2FY26 Earnings Call Transcript
APAR Industries Q2FY26 earnings call transcript released. Revenue up 23.1% YoY to ₹5,715 crore. EBITDA increased 24% to ₹499 crore. Impact on Q3 revenues expected due to tariff and metal price increases.
The announcement provides detailed insights into the company's financial performance and future outlook. While there are challenges related to tariffs and metal prices, the overall tone is positive, and the company is taking steps to mitigate the impact.
The company reported strong financial performance in Q2FY26, with significant revenue and profit growth. Management commentary is cautiously optimistic, highlighting continued growth drivers and addressing challenges.
* APAR Industries held an earnings conference call on October 30, 2025, to discuss the Un-audited Financial Results (Standalone & Consolidated) for Q2FY26. * Consolidated revenue for Q2FY26 was ₹5,715 crore, up 23.1% year-on-year, with volume growth across all divisions. Exports increased by 43% year-on-year, contributing 34.7% to consolidated revenue. * EBITDA post open period forex increased 24% year-on-year to ₹499 crore, with a margin of 8.7%. Profit after tax was ₹252 crore, 30% higher than the previous year. * Consolidated revenue for H1FY26 reached ₹10,820 crore, a 25% year-on-year increase. EBITDA post open period forex stood at ₹1,000 crore, up 25.5% with a margin of 9.2%. * The conductor division's revenue grew by 34.9% year-on-year, with exports up 74.6%. The order book is at ₹7,168 crore, and new orders received during H1 were ₹5,256 crore. * The oil business revenues remained flat, but domestic transformer oil business grew strongly by 13.6%. * Cable division revenue grew by 25.1% to ₹1,535 crore, with US revenues up 121.2%. The pending order book stands at ₹1,836 crore. * Management noted that fundamental growth drivers remain intact, with steady business inflow from renewable energy and continued investment in grid modernization. * The US tariff situation is fluid, with aluminum and other products facing a 50% duty under Section 232. New order inflow has started in Q3 after a break of two months in Q2. * The company expects Q3 to be under pressure on topline and profitability due to increased aluminum and copper prices and the impact of tariffs on US exports. Construction to start of renewable energy projects, especially solar projects by 4th of July 2026.
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Apar Industries Limited filed this with the NSE as a statutory disclosure, categorised under concall transcript released. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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