Apar Industries Limited has submitted the transcript of its analysts and investors conference call held on January 29, 2026, concerning the Un-audited Financial Results (Standalone & Consolidated) for Q3 FY26 (2025-26). This follows the audio recording link previously provided on January 29, 2026. The conference call featured insights from Mr. Kushal Desai (Chairman and Managing Director), Mr. Chaitanya Desai (Managing Director), and Mr. Ramesh Iyer (Chief Financial Officer). Key performance highlights for Q3 FY26 included a consolidated revenue of ₹5,480 crore, a 16.2% year-on-year increase, driven by resilient domestic performance despite a 11.2% decline in exports due to US tariff situations. EBITDA rose by 20.4% year-on-year to ₹483 crore, with an EBITDA margin of 8.8%. Profit after tax, after an exceptional loss of approximately ₹25 crore recognized towards past service cost of gratuity due to the new labor code, stood at ₹209 crore, a 19.4% increase year-on-year. For the 9-month period, consolidated revenue reached ₹16,299 crore (up 22% YoY), EBITDA was ₹1,483 crore (up 23.8% YoY), and Profit After Tax was ₹723 crore (up 26.6% YoY), marking all-time highs for a 9-month period. The company discussed industry trends, including India's record renewable energy capacity addition in CY2025 and advancements in power sector generation, transmission, and distribution. Segment-wise performance showed the Conductor division's revenue grew by 25.1% in Q3 FY26, driven by domestic growth and a favorable product mix, although volumes de-grew by 5.9%. The Oil business saw revenue growth of 18.4% with a volume growth of 21%. The Cable division's revenue increased by 7.6%, with strong domestic performance offsetting a 44.3% decline in exports, primarily due to a significant drop in US revenues.
