APAR Industries reported a strong Q3 FY26 with revenue reaching INR 5,480 crores, a 16.2% year-on-year increase. Domestic revenues grew by 30%. EBITDA rose by 20.4% to INR 483 crores. Despite challenges in the U.S. due to tariffs, the company saw robust performance in its Conductor, Oil, and Cable divisions, driven by strong domestic demand and favorable product mix. Profit after tax stood at INR 209 crores.
Financial Highlights for Q3 FY26
APAR Industries showcased a resilient performance in Q3 FY26, marked by significant revenue and profit growth.
Key figures include:
- Consolidated Revenue: INR 5,480 crores, up 16.2% year-on-year
- Domestic Revenue Growth: 30% in Q3 FY26
- EBITDA: INR 483 crores, a 20.4% increase year-on-year, with an 8.8% margin
- Profit After Tax: INR 209 crores, 19.4% higher than the previous year
The results reflect a strong domestic business performance and a favorable product mix across various verticals, offsetting the impact of U.S. tariffs on export business.
Segmental Performance
Conductor Division
The Conductor division reported a revenue increase of 25.1%, driven by a good product mix and higher commodity prices. Premium product mix remained healthy at 44.2%. EBITDA post forex for this division grew to INR 251 crores.
Oil Business
Revenues from the Oil business increased by 18.4%, with volume growth of 21%. Automotive oil grew by 14.6% and industrial lubricants by 15.7%. Foreign exchange depreciation impacted profitability for the quarter.
Cable Division
The Cable division’s revenue saw a more modest increase of 7.6%, reaching INR 1,362 crores. Domestic business grew strongly by 34.6%, while exports decreased by 44.3%, primarily due to a 65% drop in U.S. revenues. New order inflow in Q3 was approximately INR 500 crores, with a significant portion expected to be billed in Q4.
9-Month Performance Highlights
The consolidated revenue for the 9-month period reached INR 16,299 crores, up 22% year-on-year. EBITDA stood at INR 1,483 crores, and profit after tax was INR 723 crores. Both top line and bottom line figures represent all-time highs for a 9-month period.
Industry Outlook
India achieved its highest-ever annual renewable energy capacity addition in 2025, with nearly 38 gigawatts of solar and 6.3 gigawatts of wind capacity. Solar installations increased by about 55% and wind capacity additions by almost 85% compared to 2024.
Strategic Developments
The company won a INR 153 crores package in the Kavach project, focused on enhancing railway safety.
Source: BSE
