Apar Industries Ltd Q1 FY26 Results & Concall Highlights: Revenue, Margins & Order Book

- 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) - The company expects growth opportunities as tariff situations settle, especially for exports to the US. (Page 22, 30) - The overall specialty oil segment sees consistent volume growth hitting all-time highs. (Page 34) Overall, steady growth is anticipated across conductor, cables, specialty oils, and renewable energy segments.

The transcript on page 37 and surrounding pages does not explicitly mention any current or future plans for fundraising through debt or equity by APAR Industries. Key points related to investments and capacity expansions include: - Rs. 1,300 crores CAPEX underway, including Rs. 300-400 crores for expanding conductor capacity, with equipment installation expected in Q3 and early Q4. - No mention of raising equity or debt specifically to fund this CAPEX. - The discussion focuses largely on operational growth, tariff impacts, and market demand. - Management is awaiting clarity on US tariffs before making significant decisions, including potential local manufacturing in the US. - No direct references to upcoming fundraising rounds through debt or equity in the current earnings call. Hence, no explicit indication of new fundraising via debt or equity.