US tariff impact on export margins
Sustained 50% tariff under Section 232 continues to pressure US export margins; management had to reduce prices to secure orders, impacting profitability.
APARINDS / Q3-FY26 / risks
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Apar Industries · Material risks, their source context, and severity in the latest available quarter.
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Material risks this quarter
high
Commodity price volatility delaying customer deliveries
Rising aluminum and copper prices may cause customers to postpone deliveries, affecting volume execution in Q4 and beyond.
Chinese competition in non-US export markets
Increased Chinese competition in geographies outside the US impacted conductor volumes, as noted in the press release.
Transformer bushing shortage delaying transmission projects
Shortage of bushings is delaying transformer deliveries and substation work, which in turn delays transmission line execution and conductor demand.