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Apar Ind braces for muted Q3; lower valuation not enticing
Mint Chennai
|December 31, 2025
The stock of Apar Industries Ltd, a global maker of aluminium and alloy conductors, is down 19% in the past year amid concerns over loss of growth momentum due to tariff-led protectionism and slower export order finalizations.
In an interaction with PL Capital, the management indicated a soft Q3FY26.
Conductors account for over half of Apar’s revenue, with 45% of segment sales coming from exports, including US. Tariff uncertainty and high aluminium and copper prices have lengthened contracting cycles in these markets. Domestic demand remains supported by power transmission and distribution, renewables and railways. Cost pass-through clauses protect margins, but not timing— meaning profitability is preserved even as delayed order finalizations delay deliveries.
This story is from the December 31, 2025 edition of Mint Chennai.
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