Apar Industries Ltd
Apar Industries Q3 FY26 earnings call: Revenue & Margins
Q3 FY26 earnings call: what management said on revenue, margins and capex.
Guidance rank: #20 of 58 in Electrical Equipment
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The short version
Cable division is targeting over 20% year-on-year revenue growth, tracking at approximately 22% growth for the 9-month period, with expectations to sustain this in Q4 and FY '27. The company is bullish on future demand in India, having invested capex 1-2 years ahead of expected sales to capture growth opportunities.
From Apar Industries Ltd's Q3 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- Cable division is targeting over 20% year-on-year revenue growth, tracking at approximately 22% growth for the 9-month period, with expectations to sustain this in Q4 and FY '27.
- Volume growth in cables is expected to return to double-digit percentages next year after about 8.5% growth in the last 9 months.
- Continuous growth drivers include renewables (solar and wind), railways, defense, medium voltage covered conductors, and data centers.
- Conductor division expects faster ordering and demand acceleration in FY '27 as legacy delays and supply constraints ease.
- Capex investments are positioned 1-2 years ahead of sales projections to capture anticipated demand increases.
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 Industries is undertaking capex of about INR 1,400 crores for expansion in conductors and cables.
- As of Q3 FY26, INR 500+ crores of this capex is already completed; majority of remaining capex to be done by Q4 FY26 and Q1 FY27.
- All new facilities from this capex are expected to be up and running by mid FY27.
- The capex aims to support growth in premium products and increase volumes in conductors and cables.
- The company is also evaluating setting up manufacturing in the USA but is currently studying the fluid situation before taking decisions.
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
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
See what Apar Industries Ltd said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- The U.S. Cable business order inflow dipped in Q2 but improved significantly in Q3, with an order book of approximately INR500 crores signed up in Q3, largely to be executed in Q4.
- Cable business operates with a relatively low order book due to short delivery cycles (3-4 weeks).
- The conductor business has a longer order cycle; the backlog exists due to transformer supply delays caused by a bushing shortage, expected to ease in about 6 months.
- Domestic cable business remains strong, with domestic Q3 revenue up 33.4%.
- Discussions for additional U.S. orders are ongoing, expected to contribute mainly in Q1 2027.
2 more points from Apar Industries Ltd's call on order book
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Apar Industries Ltd — Quarterly revenue & net profit
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
- Q2 FY27 earnings call analysis →
- Q1 FY27 earnings call analysis →
- Q1 FY26 earnings call analysis →
- Q3 FY25 earnings call analysis →
- Q2 FY26 earnings call →
- Q4 FY25 earnings call →
- Q2 FY25 earnings call →
- Q1 FY25 earnings call →
- Q1 FY25 earnings call →
- Q4 FY24 earnings call →
- Q3 FY24 earnings call →
- Q2 FY24 earnings call →
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Q3 FY26 Revenue from Operations: ₹1,277.9 crore . Key investor presentation takeaways from Ram Ratna Wires Ltd's Q3 FY26 investor presentation — and how it rank
- Shilchar Technologies Ltd (Q3 FY26)
Revenue from Operations for Q3FY26: ₹170.26 crore, up 11% YoY from ₹153.74 crore in Q3FY25. Key investor presentation takeaways from Shilchar Technologies Ltd's
- Ravindra Energy Ltd (Q3 FY26)
EBITDA margin: 23.74% (Page 35) . Key investor presentation takeaways from Ravindra Energy Ltd's Q3 FY26 investor presentation — and how it ranks against sector
Potential multibaggers · Q2 FY27
Potential multibaggers in Electrical Equipment
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
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Frequently Asked Questions
What were Apar Industries Ltd Q3 FY26 results?
Cable division is targeting over 20% year-on-year revenue growth, tracking at approximately 22% growth for the 9-month period, with expectations to sustain this in Q4 and FY '27. The company is bullish on future demand in India, having invested capex 1-2 years ahead of expected sales to capture growth opportunities.
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 Industries is undertaking capex of about INR 1,400 crores for expansion in conductors and cables.
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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.