India · Delayed Price · Currency is INR APAR Industries Earnings Call Transcripts
Fiscal Year 2026
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Q3 saw 16.2% revenue growth and 20.4% EBITDA growth year-on-year, led by strong domestic performance and premium product mix, while exports were impacted by U.S. tariffs. Management expects a rebound in U.S. exports in Q4 and maintains guidance for double-digit growth and stable margins.
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Q2 FY26 saw 23% YoY revenue growth and record H1 results, driven by strong exports and premium product mix. Short-term headwinds from U.S. tariffs and metal prices are expected to ease, with order inflow and execution set to improve in Q4.
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Q1 FY 2026 saw 27% revenue and EBITDA growth, with strong domestic and export performance across conductors, cables, and oils. US tariff uncertainty and Chinese competition pose risks, but robust order books and ongoing CapEx support a positive outlook.
Fiscal Year 2025
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Achieved record quarterly and annual revenue growth, driven by strong domestic and U.S. demand across all segments. Major CapEx of INR 1,300 crore planned to double cable capacity and expand conductor and oil businesses, with management optimistic on medium-term growth despite U.S. tariff and Chinese competition risks.
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Q3 FY25 revenue grew 17.7% year-on-year, led by strong domestic demand, but EBITDA and PAT declined due to lower export mix and margin pressure. Order book and new orders remain robust, with guidance maintained for double-digit growth and margin improvement as export markets recover.
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Q2 FY25 saw 18.4% revenue growth year-on-year, led by strong domestic demand, while exports declined due to logistics and competition. Margins were stable, with premium product focus and new product launches supporting performance. Domestic growth is expected to remain robust.
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Q1 FY25 saw 6.5% revenue growth, strong domestic performance, and margin expansion despite export headwinds from logistics and regulatory delays. Premium product mix and robust order books support positive full-year guidance, with CapEx and capacity utilization on track.
Fiscal Year 2024
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The company is positioned for strong growth across energy, infrastructure, and telecom sectors, driven by innovation, premiumization, and global expansion. Strategic investments in capacity, sustainability, and advanced products support ambitious financial and ESG targets, with a focus on renewables and high-efficiency solutions.