Apar Industries Q4 FY26 Transcript Released; Revenue Hits All-Time High ₹22,902 Crore
Apar Industries reported an all-time high FY26 revenue of ₹22,902 crore, up 23.3% YoY. Q4 FY26 revenue was ₹6,603 crore, up 26.7% YoY. Conductor division revenue reached ₹12,712 crore (up 32.7% YoY), and Cable division revenue was ₹6,220 crore (up 25.8% YoY). The company plans ₹1,500 crore capex for FY27 to boost capacity.
The announcement details record financial performance, strategic investments in capex, and positive outlook for key growth areas like US data centers and conductors, which are material to the company's future performance.
The company reported record revenues, strong year-on-year growth across key segments, and plans significant capex for future growth, indicating a positive outlook.
Apar Industries Limited has submitted the transcript of the conference call held on May 28, 2026, discussing the Audited Financial Results (Standalone & Consolidated) for Q4 FY26. The company reported an all-time high revenue of ₹22,902 crore for FY26, marking a significant CAGR of 29% over the last five years. Consolidated revenue for Q4 FY26 stood at ₹6,603 crore, a 26.7% year-on-year growth, driven by domestic business and an improved product mix, with US shipments also increasing.
EBITDA post-forex for the quarter was ₹584 crore, a 19.3% year-on-year growth. PAT margin was 3.8%. Excluding one-time provisions of ₹31 crore for gratuity, leave encashment, mark-to-market impact on an ECB loan, and a legal case provision, the PAT would have been ₹285 crore, reflecting a 14% operating growth. For the full year, revenue grew 23.3% to ₹22,902 crore, EBITDA grew 23% to ₹2,067 crore, and PAT grew 19% to ₹977 crore.
The Conductor division achieved its highest top line in Q4 FY26 with revenue of ₹3,764 crore, up 29.9% year-on-year, driven by volume growth and an improved product mix. The division crossed the ₹10,000 crore milestone for the full year, reaching ₹12,712 crore. The Oil division's revenue grew by 5.6%, though exports were affected by Middle East disruptions. The Cable division's revenue reached ₹1,903 crore in Q4, up 35% year-on-year, and became the second-largest segment for FY26 with revenues of ₹6,220 crore.
The company plans to increase its capex for FY27 to approximately ₹1,500 crore, up from ₹740 crore in FY26, to meet future demand. This capex will be allocated ₹400 crore to the conductor division, ₹200 crore to the oil division, and ₹850 crore to the cable division. The management highlighted strong traction in the US market, particularly from data center opportunities, and expects continued year-on-year growth in the conductor business there. Medium to long-term conductor margins are projected to be in the range of ₹35,000 to ₹36,000 per metric ton plus tailwinds.
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