Apar Industries Management Guidance Tracker

8 forward-looking guidance items tracked across 2 quarters.

Margins

Q2 FY26Conductor EBITDA per ton guidance maintained at ₹30,000Active

Management reiterated medium-to-long-term guidance of ₹30,000 per metric ton EBITDA for conductors, despite recent outperformance.

Q2 FY26Cable EBITDA margin guidance of 10-12%Active

Cable division EBITDA margin expected to remain in the 10-12% range over medium to long term.

Q3 FY26Cable EBITDA margin to remain around 10%Active

Despite margin pressure from US business, management expects cable EBITDA margin to stay near 10% for the full year, similar to 9-month level.

Capex

Q2 FY26Capex of ₹1,300 crore for FY26Tracked

Total capex for FY26 is approximately ₹1,300 crore across all divisions, with bulk of cable expansion commissioning by June 2026.

Q3 FY26Capex of ₹1,400 crore largely completed by mid-FY27Tracked

₹500+ crore capex already done; remaining to be completed by Q1 FY27, with all facilities operational by September 2026.

Revenue

Q2 FY26US order inflow resumed in Q3, revenue impact in Q4Active

New US orders started flowing in Q3 after a two-month pause, but revenues will be recognized in Q4, causing Q3 topline pressure.

Q3 FY26Cable business to grow 20%+ in FY26Active

Management reiterated guidance of 20%+ revenue growth for the cable division for the full year, supported by strong domestic demand and US order recovery.

Growth

Q3 FY26Conductor volume growth of 8-9% for FY26Active

Management expects full-year conductor volume growth to be in the 8-9% range, in line with 9-month YTD performance.