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Earnings Call Transcript

Apar Industries Earnings Call Transcript: Key Takeaways

Apar delivered record Q1 results with 29% revenue growth and 78% PAT growth. Management is cautiously optimistic but restricted from giving future guidance due to securities issuance regulations.

Highlights
Revenue growth29.1% YoY growth reaching ₹6,591 crore.
MarginsEBITDA margin improved to 12.4% from 9.8% YoY.
Order bookConductors at ₹10,190 Cr; Cables at ₹1,925 Cr.
Demand visibilityStrong US/Europe utility demand and data center growth.
Management confidenceBalanced; disciplined execution despite external geopolitical and logistical headwinds.

Growth

Growth was driven by superior risk management and premium product mix, particularly in conductors and oils.

Outlook

Order book stands at ₹10,190 crore for conductors; ₹1,925 crore for cables.

Risks

Volatile metal and crude prices, geopolitical disruptions in shipping, and inventory devaluation risks.

Last quarter's promises, checked

Delivered

  • Guided 25% Cable revenue CAGR → delivered 25.8% FY26 growth (= BEAT)
  • Guided 10% Conductor volume growth → delivered 8.6% FY26 volume growth (= PARTIAL)
  • Guided INR 35k-36k Conductor EBITDA/MT → delivered INR 43,012 FY26 (= BEAT)

Partly delivered

  • Guided INR 1,500 Cr FY27 Capex → frontloaded INR 740 Cr in FY26 (= PARTIAL)

Missed

  • Guided 15% Transformer Oil growth → delivered 12.2% domestic growth (= MISS)
Source

Earnings Call Transcript filed with BSE, NSE: APARINDS. Summary written with AI assistance from the document.

Read the document ↗

Apar Industries Ltd: key numbers

Share price
₹17,776.00
Market cap
₹74,432 Cr
Revenue (annual)
₹22,902 Cr
Net profit (annual)
₹976.9 Cr
P/E (TTM)
63.0×Sector 45.9×
Promoter holding
55.42%-2.35% QoQ
FII holding
11.36%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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