APAR Industries’ Stock Gained More Than 12% Today, After Good June Quarter Result

Mumbai, July 29, 2025 – APAR Industries Ltd (NSE: APARINDS, BSE: 532259) jumped over 13% on July 29 following the announcement of its Q1FY26 results. The surge came after the company posted a 29.9% year-on-year rise in net profit to ₹263 crore.

Domestic revenue surged in all segments, with conductors up 62.9% YoY and cables led by strong US demand. Margins expanded across segments due to better product mix, higher-value orders, and operational leverage. Export contribution fell, but US revenue more than doubled during the quarter.

The stock closed the day today up by 12.18% at Rs 9,720.

Consolidated Financial Performance

APAR Industries Ltd reported consolidated revenue of ₹5,104 crore in Q1FY26, up 27.3% YoY, led by a 38.3% surge in domestic sales. EBITDA rose 27% YoY to ₹501 crore, maintaining a stable 9.8% margin. Sequentially, revenue dipped 2%, while EBITDA rose 3.6%.

PAT stood at ₹263 crore, up 29.9% YoY, with margins expanding to 5.2%. On a QoQ basis, profit rose 5.1%, driven by better operating leverage. Export revenue grew 8.5% YoY, but its share dropped to 31.6% from 37%. US sales more than doubled during the quarter.

Segment-Wise Highlights

Conductors

Revenue from the conductors segment rose 43.9% YoY to ₹2,785 crore in Q1FY26. Volume grew 17.5% YoY to 57,132 MT, while EBITDA climbed 33.2% to ₹250 crore. EBITDA per MT stood at ₹43,688, up 13.4%. Sequentially, revenue dipped 3.9%, and volume fell 4.1%.

Domestic revenue surged 62.9% YoY, offsetting the drop in export contribution to 20.1% from 29.5% last year. The order backlog remains strong at ₹7,779 crore, with exports forming 29.6% of the pipeline.

Specialty Oils and Lubricants

Segment revenue remained flat YoY at ₹1,262 crore, while volumes grew 8.1% to 1,49,497 KL. EBITDA rose 9.1% YoY to ₹105 crore, and EBITDA per KL stood at ₹7,004. On a sequential basis, EBITDA rose 19% despite flat volume growth.

Growth was driven by an 8.4% rise in automotive oils and 15.9% in industrial lubricants. Export share declined to 36.8% from 45% a year ago, indicating a higher domestic contribution this quarter.

Cables

Revenue in the cables segment grew 36.3% YoY to ₹1,419 crore, with EBITDA up 32.2% to ₹142 crore. However, EBITDA margin narrowed slightly to 10%. Sequentially, revenue grew marginally by 0.6%, while EBITDA declined 5.2%.

Export demand fueled this growth, with a 69.7% YoY jump. The US market contributed strongly, recording 136.6% growth. The segment’s order backlog stood at ₹1,653 crore, ensuring short-term visibility.

Management Commentary

The company attributed the robust performance to a combination of factors including strong execution of high-margin orders, higher proportion of premium products, and growing traction in global markets like the US.

Outlook

Robust Q1 results and margin stability across business lines have boosted APAR’s earnings visibility. A strong domestic pipeline and premium product mix point to sustained performance. The order book and global traction, especially in the US, suggest continued topline momentum in coming quarters.

About the Company

APAR Industries, founded in 1958, is a global manufacturer of conductors, cables, specialty oils, lubricants, and polymers. With operations in over 140 countries, it emphasizes innovation, efficient manufacturing, and sustainable practices across its ISO-certified facilities to serve industrial and infrastructure needs worldwide.

REF: https://nsearchives.nseindia.com/corporate/APARINDS_29072025131419_InvestorUpdateQ1FY26.pdf

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