Apar Industries Q2 FY26 Earnings Results

Apar Industries Ltd, a prominent player in power transmission cables and related products sectors, posted healthy financial growth in Q2 FY26.

Financial Summary:

• Revenues rose 23.04% year on year to ₹5,715 crore from ₹4,645 crore.
• Total expenses increased 22.21% to ₹5,403 crore from ₹4,421 crore.
• Consolidated net profit increased 29.9% to ₹252 crore from ₹194 crore.
• Earnings per share (EPS) rose 29.81% to ₹62.66 from ₹48.27.

Segment-wise Highlights:

• Conductor division reported 34.9% revenue growth driven by volume gain and improved product mix.
• Transformer and specialty oils segment posted marginal revenue growth of 0.22%.
• Power and telecom cables segment grew 25.1% year on year.

Operational Insights:

• Highest-ever quarterly revenue driven by robust demand across all segments.
• EBITDA rose 24% year on year to ₹499 crore, supported by volume acceleration and high-margin order execution.
• Export business grew significantly by 43%, with a notable 130% growth in the US market.
• Despite margin pressure from rising input costs and working capital intensiveness, operational efficiencies remain strong.

Outlook:

Apar Industries expects sustained volume growth of 10-15% in FY26 supported by product quality enhancements, favorable market dynamics, and strategic investments in capacity expansion.

This quarter’s performance underscores Apar’s leadership in its sectors and resilience amidst a challenging environment.

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