Apar Industries Limited has submitted the transcript of the conference call held on May 28, 2026, discussing the Audited Financial Results (Standalone & Consolidated) for Q4 FY26. The company reported an all-time high revenue of ₹22,902 crore for FY26, marking a significant CAGR of 29% over the last five years. Consolidated revenue for Q4 FY26 stood at ₹6,603 crore, a 26.7% year-on-year growth, driven by domestic business and an improved product mix, with US shipments also increasing. EBITDA post-forex for the quarter was ₹584 crore, a 19.3% year-on-year growth. PAT margin was 3.8%. Excluding one-time provisions of ₹31 crore for gratuity, leave encashment, mark-to-market impact on an ECB loan, and a legal case provision, the PAT would have been ₹285 crore, reflecting a 14% operating growth. For the full year, revenue grew 23.3% to ₹22,902 crore, EBITDA grew 23% to ₹2,067 crore, and PAT grew 19% to ₹977 crore. The Conductor division achieved its highest top line in Q4 FY26 with revenue of ₹3,764 crore, up 29.9% year-on-year, driven by volume growth and an improved product mix. The division crossed the ₹10,000 crore milestone for the full year, reaching ₹12,712 crore. The Oil division's revenue grew by 5.6%, though exports were affected by Middle East disruptions. The Cable division's revenue reached ₹1,903 crore in Q4, up 35% year-on-year, and became the second-largest segment for FY26 with revenues of ₹6,220 crore. The company plans to increase its capex for FY27 to approximately ₹1,500 crore, up from ₹740 crore in FY26, to meet future demand. This capex will be allocated ₹400 crore to the conductor division, ₹200 crore to the oil division, and ₹850 crore to the cable division. The management highlighted strong traction in the US market, particularly from data center opportunities, and expects continued year-on-year growth in the conductor business there. Medium to long-term conductor margins are projected to be in the range of ₹35,000 to ₹36,000 per metric ton plus tailwinds.
