Apar Industries Revenue History — Quarter by Quarter

Apar Industries's revenue moved from ₹3,773 Cr in Q1 FY24 to ₹5,480 Cr in Q3 FY26, a 45.2% change over 11 quarters. The table keeps each quarter linked back to the underlying earnings page.

Revenue by Quarter

Quarter	Revenue (₹ Cr)	YoY Change
Q3 FY26	₹5,480 Cr	+16.2%
Q2 FY26	₹5,715 Cr	+23.1%
Q1 FY26	₹5,104 Cr	+27.3%
Q4 FY25	₹5,210 Cr	+16.9%
Q3 FY25	₹4,716 Cr	+17.7%
Q2 FY25	₹4,645 Cr	+18.4%
Q1 FY25	₹4,011 Cr	+6.5%
Q4 FY24	₹4,455 Cr	+9%
Q3 FY24	₹4,013 Cr	+2%
Q2 FY24	₹3,926 Cr	+21%
Q1 FY24	₹3,773 Cr	+22%

What management said about revenue

Q3 FY26 · Cable revenue growth of 20%+ for FY26

Management expects cable division to achieve over 20% revenue growth for the full year, driven by domestic strength and US order recovery in Q4.

Q3 FY26 · Conductor volume growth to return to double digits in FY27

After 8.5% volume growth in 9M FY26, management targets double-digit volume growth in FY27, supported by resolution of transformer bushing shortages and strong renewable energy demand.

Q2 FY26 · Cables capacity expansion to INR 10,000 crores revenue potential

INR 800 crores CapEx in cables will increase revenue capacity from INR 5,000 crores to INR 10,000 crores over time, with bulk commissioning by June 2026.

Q1 FY26 · Conductor volume growth of 10% annually

Management reiterated guidance for 10% volume growth in conductors on an annual basis, with some quarterly variation.

Q1 FY26 · Cable segment 25% value growth

Management guided for 25% value growth in the cable segment, despite US tariff uncertainty.

Q4 FY25 · Cable revenue growth of 25% in FY26

Management guided for 25% value growth in the cable division for FY2026, driven by strong domestic demand and U.S. recovery.

Q4 FY25 · Oil volume growth of 6-8% and EBITDA per KL of INR 5,000-6,000 in FY26

Oil division targets volume growth of 6-8% and EBITDA per kiloliter in the range of INR 5,000-6,000 for FY2026.

Q3 FY25 · Cable division top-line growth of 25% on value terms

Management reiterated guidance for cable division to grow 25% year-on-year in value terms for FY25.

Q3 FY25 · Conductor division volume growth of 10%

Management expects conductor division to grow 10% year-on-year in volume terms for FY25.

Q3 FY25 · Oil division volume growth of 5%-8%

Management expects oil division to grow 5%-8% year-on-year in volume terms for FY25.

Q2 FY25 · Conductor volume growth may fall short of 10% guidance for FY25

Management expects full-year conductor volume growth to be below the earlier 10% guidance due to lower H1 volumes, but aims to make up in H2.

Q2 FY25 · US business expected to show sequential growth

Management sees sequential improvement in US orders, with Q2 order intake up 17.5% QoQ, and expects this trend to continue.