Why was Q4 profit growth optically low?

Quarterly profit growth was limited to 1.4% because of one-off provisions totaling ₹32 crore. These costs related to a legal case and compliance with new labor codes.

What is the dividend payout?

The board recommended a final dividend of ₹60 per share. This represents a 600% payout based on the face value.

What is the status of the order book?

The conductor segment holds a pending order book of ₹7,671 crore. This supports the company's outlook for energy infrastructure demand.

What drove the annual performance?

Revenue growth of 23% was driven by high demand for conductors and cable solutions. Both domestic and US markets contributed to the performance.

Earnings · Electric Equipment · Large cap

Apar Industries hits record revenue of ₹22,902 crore

The company reported a 23% revenue jump for FY26, with a final dividend of ₹60 per share despite one-off legal and regulatory costs.

— 6 earlier stories on Apar Industries Ltd. →

APARINDS 28 May 2026 · 3:01 PM IST Verify on BSE · NSE

Mkt cap₹53,930 cr

P/E55.40×

ROE18.24%

Debt / eq.0.10

Div yld0.38%

₹22,902 cr Record consolidated revenue for the 2025-26 fiscal year.

What's new

Annual revenue grew 23% to ₹22,902 cr, with net profit up 19% to ₹977 cr.
Q4 revenue rose 27% to ₹6,603 cr, led by conductor and cable demand.
Board recommended a final dividend of ₹60 per share.

Why this matters

Underlying profitability remains strong despite a one-off hit to Q4 earnings. The 14% adjusted profit growth rate shows the business is still gaining momentum in energy infrastructure.

What we're watching

Execution of the ₹7,671 cr conductor order book.
Sustained demand from US and domestic markets.
Impact of new labor codes on future operating expenses.

The full read

Apar Industries closed the 2025-26 fiscal year with record consolidated revenue of ₹22,902 crore, a 23% increase over the previous year. Net profit rose 19% to ₹977 crore. While the fourth quarter saw revenue climb 27% to ₹6,603 crore, net profit growth was muted at 1.4% due to ₹32 crore in one-off legal and regulatory provisions. Adjusting for these costs, the underlying profit growth rate is 14%. The board has proposed a final dividend of ₹60 per share, signaling confidence in cash flows. With a conductor segment order book of ₹7,671 crore, the company serves energy infrastructure demand in India and the US. The next test is whether the company can maintain these margins while working through the new labor code requirements.

Questions answered

Why was Q4 profit growth optically low?: Quarterly profit growth was limited to 1.4% because of one-off provisions totaling ₹32 crore. These costs related to a legal case and compliance with new labor codes.
What is the dividend payout?: The board recommended a final dividend of ₹60 per share. This represents a 600% payout based on the face value.
What is the status of the order book?: The conductor segment holds a pending order book of ₹7,671 crore. This supports the company's outlook for energy infrastructure demand.
What drove the annual performance?: Revenue growth of 23% was driven by high demand for conductors and cable solutions. Both domestic and US markets contributed to the performance.

Mentioned: Apar Industries · ₹22,902 cr revenue · ₹7,671 cr order book

Primary source BSE · NSE

An independent reading of the company's own disclosure — the primary filing above is the final word.

Story so far

All notes on APARINDS →

28 May 2026 · 3:01 PM IST Apar Industries hits record revenue of ₹22,902 crore
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