APAR Industries has announced its highest ever nine-month revenue and profits. Q3 revenue grew 16.2% YoY, and PAT increased by 19.4% YoY. The company’s 9M revenue grew 21.9% YoY, with PAT rising by 26.6% YoY. Domestic business performance has been a key driver, while exports experienced a decline. APAR’s future outlook remains positive with ongoing strategic initiatives.
Exceptional Financial Performance
APAR Industries reported strong financial results, driven by robust domestic activity. Revenue for the third quarter grew by 16.2% year-over-year, reaching ₹5,480 crores. The company’s domestic revenue surged by 30.0% compared to the same quarter last year. For the nine-month period, revenue increased by 21.9%, reaching ₹16,299 crores.
Net profit (PAT) also demonstrated substantial growth. Q3 PAT increased by 19.4% YoY, while 9M PAT grew by 26.6%. These figures reflect improvements in product mix and operational efficiency. EBITDA margins also improved, reaching 8.8% in Q3 FY26.
Segment Performance Highlights
Conductor: Revenue grew by 25.1% in Q3, reaching ₹3,063 crores. The domestic conductor business performed strongly, growing 37.0%. Premium products accounted for 44.2% of the product mix.
Speciality Oils: Revenue increased by 18.4%, with volumes growing by 20.8%. Export mix stood at 42.1% in Q3.
Cable Solutions: Revenue increased to ₹1,362 crores in Q3, a 7.6% increase. The company reported 22.1% growth for the nine-month period.
Strategic Developments
Despite muted business in the US, APAR Industries is strategically focusing on the domestic market. Trade negotiations with the US are in advanced stages, and the company anticipates positive outcomes in the near future. Existing order book remains strong at ₹7,396 crores, demonstrating the company’s solid market position.
Leadership Commentary
Mr. Kushal N Desai, Chairman & MD of APAR Industries, stated that the company has delivered healthy top-line and bottom-line performance. He noted that the company is managing impacts from muted US business by pivoting its focus on the domestic market and maintaining business relationships through tactical approaches.
New Independent Director
The company has appointed Mr. Pitamber Shivnani as an Independent Director, effective January 29, 2026, subject to shareholder and other approvals. Mr. Shivnani brings extensive experience in the transmission and distribution sector. He is not debarred from holding the office of director by virtue of any regulatory order.
Source: BSE
