Apar Industries hits record revenue as board proposes ₹60 dividend
The company posted annual revenue of ₹22,902 crore for FY26, with fourth-quarter growth hitting 27% despite one-off legal charges.
— 6 earlier stories on Apar Industries Ltd. →What's new
- Annual net profit reached ₹977 crore, a 19% increase over the previous year.
- Q4 revenue rose 27% to ₹6,603 crore, driven by 30% growth in conductors and 35% in cable solutions.
- The board recommended a final dividend of ₹60 per share.
Why this matters
Apar's underlying profitability is healthier than the headline net profit suggests. While one-off legal and regulatory provisions muted quarterly earnings growth to 1.4%, the 14% rise in adjusted profit shows the core business remains strong.
What we're watching
- Sustainability of demand in the US and domestic energy infrastructure markets.
- Impact of labor code adjustments on future operating margins.
- Whether the dividend payout signals a shift in capital allocation strategy.
The full read
Apar Industries closed FY26 with record consolidated revenues of ₹22,902 crore and a net profit of ₹977 crore. The annual performance reflects a 23.3% increase in revenue and a 19% rise in net profit. Fourth-quarter momentum remained strong, with revenue climbing 27% to ₹6,603 crore. This growth was primarily anchored by the conductors and cable solutions segments, which saw gains of 30% and 35% respectively. While quarterly net profit growth appeared muted at 1.4%, management clarified that underlying profitability rose by 14% after adjusting for one-off legal and regulatory provisions. The board has proposed a final dividend of ₹60 per share, a 600% payout on face value. The results suggest that Apar is successfully capturing demand in both domestic and US energy infrastructure markets, with the dividend recommendation serving as a clear signal of management's confidence in current cash generation.
Questions answered
- What drove the 27% revenue growth in the fourth quarter?
- Growth was led by the conductors and cable solutions businesses, which expanded by 30% and 35% respectively.
- Why was the quarterly net profit growth only 1.4%?
- Profit growth was constrained by one-off legal and regulatory provisions, including labor code impacts.
- What is the underlying profit growth after adjusting for these charges?
- The company reported that underlying profitability grew by 14% year-on-year once these one-off items were excluded.
- What is the total dividend payout recommended by the board?
- The board recommended a final dividend of ₹60 per equity share, which represents a 600% payout on face value.
Story so far
All notes on APARINDS →- 28 May 2026 · 2:37 PM IST Apar Industries hits record revenue as board proposes ₹60 dividend
- today Apar Industries doubles capex to ₹1,500 cr as margin outlook lifts
- today Apar Industries hits record revenue of ₹22,902 cr
- today Apar Industries hits record ₹22,902 cr revenue in FY26
- today Apar Industries confirms FY26 results and ₹60 dividend