Investor Update - Q4FY26
APARINDS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Apar Industries reported Q4 FY26 consolidated revenue of ₹6,603 crores (up 26.7% YoY) with 12M revenue at all-time high of ₹22,902 crores (up 23.3%). EBITDA grew 19.3% to ₹584 crores but margin contracted 50 bps to 8.8% due to one-offs including new wage code impact on gratuity, MTM on ECB loan, and a legal provision. PAT stood at ₹254 crores, up only 1.4% YoY as margins compressed 100 bps to 3.8%. Excluding one-offs, PAT would have grown 14% YoY. Conductor division led growth with 29.9% revenue increase and order book of ₹7,671 crores; Cable division grew 35% with ₹1,800 crores order book. US revenues surged 49.7% over 12M FY25.
Strong top-line growth masked by margin pressure and one-time charges that impacted Q4 profitability. The disclosed order books (₹9,471 crores combined) provide near-term revenue visibility. The margin contraction trend may concern cost-conscious investors despite the underlying operational strength.