Apar Inds. Q1 FY27 Results & Concall Highlights: Revenue, Margins & Order Book

Q1 FY27 earnings call analysis: revenue, margin, capex, fundraise and order book outlook from management commentary.

Published 25 Aug 2026 | Electrical Equipment | Market Cap: ₹70.6K Cr

APAR Industries expects growth in premium products, especially in the conductor division, driven by HTLS, copper transposed conductors, and reconducting installations. The company does not provide explicit guidance, projections, or forecasts on future earnings or profits due to regulatory restrictions mentioned in the call. - However, key drivers for future growth highlighted include: - Execution of a large pending conductor order book (INR10,190 crores) with a significant export portion (57% premium products). - Expansion in premium conductor products and HTLS, which have higher margins. - Increasing cable segment revenue driven by domestic growth (60%) and new approvals in the U.S.

From Apar Inds.'s Q1 FY27 earnings-call transcript · updated 25 Aug 2026.

Price

₹17,026

Market Cap

₹70.6K Cr

P/E Ratio

58.6

How does Apar Inds. rank in Electrical Equipment?

Compare Apar Inds. against every Electrical Equipment company this quarter on revenue, margins and earnings-call signals.

Revenue: Rank 2Margin: Rank 3

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Apar Inds. — Quarterly revenue & net profit

Revenue Net Profit

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Reported quarterly figures (₹ Cr). Latest: revenue ₹5.5K Cr, net profit ₹209 Cr.

Full financials →

📊 Revenue & Sales Performance

Rank 2

→APAR Industries expects growth in premium products, especially in the conductor division, driven by HTLS, copper transposed conductors, and reconducting installations.
→Large multiyear export orders in conductor division (notably from US and Europe utilities) signal sustained future revenue over the next 4 years.
→Cable division is witnessing rising domestic revenue (up 60%) and steady US market approval for copper cables, indicating increasing future order inflows.
→The conductor division’s new orders (INR5,245 crore this quarter, 65.8% exports) suggest continued volume growth as these orders are executed.
→The company is undertaking capex to debottleneck and expand current capacities running at 80-90%.
→Some delays in domestic conductor volumes due to commodity price rises are expected to normalize.
→Overall, APAR aims to grow through superior execution, increased premium product mix, and expanded export footprint.

📈 Profitability & Margins

Rank 3

→The company does not provide explicit guidance, projections, or forecasts on future earnings or profits due to regulatory restrictions mentioned in the call.
→However, key drivers for future growth highlighted include:
→ - Execution of a large pending conductor order book (INR10,190 crores) with a significant export portion (57% premium products).
→ - Expansion in premium conductor products and HTLS, which have higher margins.
→ - Increasing cable segment revenue driven by domestic growth (60%) and new approvals in the U.S. market, particularly for copper cables serving data centers.
→ - Continued recovery and stabilization in oil division volumes post-Q1 disruptions.
→ - Capacity expansions underway, indicating potential for volume growth across divisions.
→Working capital efficiency and disciplined execution are expected to sustain profitability.
→Overall, management expressed confidence in sustained strong performance based on order book and product mix without committing specific future financial metrics.

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

🏗️ Capital Expenditure Plans

Yes

→APAR Industries is undertaking significant capex to build capacity for growth.
→Current capacities across product categories are running at a high utilization level of 80%-90%.
→Ongoing and planned capex is aimed at debottlenecking these capacities to support increased production.
→The company indicated that recent expansion efforts are to accommodate expected growth in demand, including in premium and high-voltage products.
→Specific mentions of capacity-building investments relate to conductor and cable divisions.
→No detailed guidance or specific future capital investment amounts were disclosed in this call.

💰 Fundraising & Capital Structure

No information

→The company has issued a notice to its shareholders seeking approval for the issuance of securities as per applicable law.
→Due to regulatory guidelines related to this, APAR Industries is restricted from providing any publicity or answering questions related to guidance, projections, forecasts, or proposed funding requirements during the earnings call.
→No specific details on current or future fundraising through debt or equity were provided in the disclosed earnings call or accompanying discussion.
→Management urged participants to refer to prior communications and stated they could not comment further on funding requirements at this stage.

See what Apar Inds. said on fundraising & capital structure — free account, 30 seconds.

📋 Order Book & Pipeline

Yes

→Current conductor order backlog is approximately INR 10,000 crores.
→Two large orders contribute about INR 3,000 crores, executable over the next 4 years.
→Remaining large portion of backlog is executable within about a year, with some spillover beyond that.
→Export backlog is spread across North America, Europe, Africa, Latin America, and Asia.
→Bulk of export backlog originates from Americas (North & Latin) and Europe.
→Cable division pending orders stand at INR 1,925 crores, covering near-term requirements, up from INR 1,653 crores a year ago.
→Cable exports to the U.S. have started increasing after approvals for supplying copper cables to major data centers.
→Specialty oils division inventory has been degrown to limit risk from price volatility.

Key Metrics

2 of 5 growth signals positive in the Q1 FY27 call.

Revenue

Rank 2

Margin

Rank 3

Capex

Yes

Fundraise

No information

Order Book

Yes

How does Apar Inds. rank vs peers in Electrical Equipment?

Pro feature

1Apar Inds.

Rev 2Mar 3

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What Apar Industries Ltd's management said in earlier quarters

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Frequently Asked Questions

What were Apar Inds. Q1 FY27 results?

What is Apar Inds. share price analysis?

Apar Inds. currently shows a moderate growth signal based on ranking data. The stock trades at a P/E of 58.6 with a market cap of ₹70,580 Cr. Investors should review the full earnings analysis for detailed insights.

Is Apar Inds. planning capital expenditure?

APAR Industries is undertaking significant capex to build capacity for growth.

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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.