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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