APAR Industries announced strong financial results for Q3 FY26. Revenue increased by 16.2% YoY, driven by healthy domestic business, while profit after tax (PAT) grew by 19.4% YoY. The company reported record nine-month revenues and profits. Domestic revenue grew by 30.0%, but exports declined by 11.2%. EBIDTA margins improved due to a better product mix.
Q3 FY26 Financial Performance
APAR Industries reported a 16.2% YoY increase in revenue for Q3 FY26, reaching ₹5,480 crores. This growth was primarily fueled by robust domestic business performance. However, export revenue saw an 11.2% decline. The domestic revenue grew by 30.0%, offsetting the decrease in exports.
Profit after tax (PAT) increased by 19.4% YoY, with a PAT margin of 3.8%. EBIDTA also improved, driven by better product mix. The EBIDTA post open period forex was up 20.4%, resulting in an EBIDTA margin of 8.8%.
9M FY26 Performance Highlights
The first nine months of FY26 show historically high revenues, growing 21.9% YoY to reach ₹16,299 crores. EBIDTA for the nine-month period grew 23.8% to ₹1,483 crores with a margin of 9.1%. PAT for 9M FY26 stood at ₹723 crores higher than the same period last year by 26.6%.
Segmental Performance
Conductor
Conductor revenue increased by 25.1% to ₹3,063 crores for Q3 FY26. Revenue for 9M FY26 was ₹8,948 crores, up 33.9%. Domestic business for this segment grew 37.0%. However, exports de-grew by 10.8%. Premium product mix came in at 44.2%.
Speciality Oils
Revenue for the Speciality Oils segment grew 18.4%, with volume up 20.8%, for Q3 FY26. The segment’s 9M revenue was ₹4,062 crores, a 5.9% YoY increase. EBIDTA post forex stands at ₹92 crores.
Cable Solutions
Cable Solutions revenue grew 7.6% to ₹1,362 crores in Q3 FY26. Exports were down 44.3%. EBIDTA post forex came in at ₹132 crores. EBIDTA post forex grew 23.9% with a margin of 10.0%.
Appointment of Mr. Pitamber Shivnani
Mr. Pitamber Shivnani has been appointed as an Independent Director (Non-Executive) of the Company, effective January 29, 2026, subject to shareholder approval. Mr. Shivnani has extensive experience in the Transmission and Distribution sector in India.
Source: BSE
