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Apar Industries Ltd

Q1 FY26Electrical Equipment

Apar Industries Q1 FY26 earnings call: Revenue & Margins

Q1 FY26 earnings call: what management said on revenue, margins and capex.

Price₹16,856
Market cap₹63.0K Cr
P/E52.2
Updated23 Aug 2026
Read4 min read

The short version

Conductor volume growth guidance remains at around 10% annually. APAR Industries expects around 10% volume growth annually in the conductor segment.

From Apar Industries Ltd's Q1 FY26 earnings-call transcript · updated 23 Aug 2026.

Revenue & Sales Performance

  • Conductor volume growth guidance remains at around 10% annually. (Page 27)
  • Cable segment is expected to grow at approximately 25% in value terms. (Page 23)
  • Specialty oil lubricant segment is growing at 8%, which is about 2.5-3 times the overall market growth of 2%-3%. (Page 34)
  • Domestic transformer oil business is growing faster than the Sharjah plant operations in oil business. (Page 34)
  • Solar cables business is substantially growing though margins may be under some pressure due to higher volumes. (Page 28)
  • Power cable side and flexible elastomeric segments are also showing growth, with wind sector demand picking up substantially. (Page 30)

2 more points from Apar Industries Ltd's call on revenue

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Profitability & Margins

See what Apar Industries Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

  • APAR is executing a Rs. 1,300 crore capex plan, with around Rs. 300-400 crores allocated to expanding conductor product capacities.
  • Equipment installation for this expansion has started, with a significant portion coming online in Q3 and early Q4 FY'26.
  • The company is also focused on increasing capacity for solar DC cables (used for stringing solar panels) to leverage growing solar module manufacturing.
  • There is ongoing investment in storage consolidation at JNPT, moving from rented tanks to owned facilities, improving export competitiveness and storage quality.

2 more points from Apar Industries Ltd's call on capex

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Top-ranked in Electrical Equipment

Ranked on what management guided this quarter

Guidance-ranked
1Waaree Energies Ltd
Rev 1Mar 1
2MTAR Technologies Ltd
Rev 1Mar 1
3
Rev 1Mar 1
4
Rev 1Mar 2
5
Rev 1Mar 2
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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

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Order Book & Pipeline

  • APAR's conductor segment is experiencing strong order inflows, hitting a 5-quarter high.
  • The company is running at full capacity for most conductor products.
  • Expansion CAPEX of Rs. 1,300 crores includes Rs. 300-400 crores for increasing conductor capacity.
  • New equipment installations are happening, with significant capacity coming online in Q3 and early Q4 FY'26.
  • Cable segment is guiding for 25% value growth despite uncertainties.
  • Tariff risks for new orders are borne by clients, not APAR.
  • Export orders in cables and conductors are influenced by US tariff situations, with ongoing adjustments.

2 more points from Apar Industries Ltd's call on order book

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Apar Industries Ltd — Quarterly revenue & net profit

Revenue Net profit
Mar 2025Q4 FY25
Jun 2025Q1 FY26
Sep 2025Q2 FY26
Dec 2025Q3 FY26
Mar 2026Q4 FY26
Jun 2026Q1 FY27

Reported quarterly figures (₹ Cr). Latest (Q1 FY27): revenue ₹6.6K Cr, net profit ₹467 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

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What Apar Industries Ltd's management said in earlier quarters

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Frequently Asked Questions

What were Apar Industries Ltd Q1 FY26 results?

Conductor volume growth guidance remains at around 10% annually. APAR Industries expects around 10% volume growth annually in the conductor segment.

What is Apar Industries Ltd share price analysis?

Apar Industries Ltd currently shows a neutral. The stock trades at a P/E of 52.2 with a market cap of ₹62,952 Cr. Investors should review the full earnings analysis for detailed insights.

Is Apar Industries Ltd planning capital expenditure?

APAR is executing a Rs.

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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.