Electrical Equipment & Products company Apar Industries announced Q3FY25 results Q3FY25 Financial Highlights: Revenue up 17.7% YoY to reach Rs 4,716 crore with growth of 31.8% YoY in domestic business. Export contributed 33.5% to overall revenue v/s 40.7% in Q3FY24. EBIDTA post open period forex degrew 7.1% YoY at Rs 401 crore. PAT at Rs 175 crore; degrew 19.7% YoY. Kushal N Desai, Chairman & MD of APAR Industries said: "We have delivered yet another quarter of healthy revenue growth. We continue to lead the way in our premium businesses with continued focus on innovation and customer centric approach. We remain optimistic that domestic growth trajectory will remain unwavering led by continued infrastructure capex spend. Headwinds we faced for export business is expected to reduce gradually. On the margins front, we have seen have a drop in this quarter due to unfavourable competitive prices from China and lower demand from exports. We are hopeful that export demand will improve. Freight cost have started to soften which should help reduce landed costs. However, on the back of our strong foothold around energy infrastructure space we remain confident and resolute in delivering long -term value accretion to our stakeholders" Result PDF
Electrical Equipment & Products company Apar Industries announced H1FY25 & Q2FY25 results Q2FY25 Financial Highlights: Revenue at Rs 4,645 crore; up 18.4% YoY. Domestic business growing at 61.1% YoY. Export contributed 29.8% to overall revenue v/s 48.4% in Q2FY24. EBIDTA post open period forex at Rs 402 crore; up 7.8% YoY. PAT at Rs 194 crore; up 11.5% YoY. H1FY25 Financial Highlights: Revenue at Rs 8,655 crore; up 12.6% YoY. EBIDTA post open period forex at Rs 796 crore; up 7.2% YoY. PAT at Rs 396 crore; up 6.8% YoY. Kushal N Desai, Chairman & MD of APAR Industries said: "We concluded first half of the year with highest ever half yearly revenue and profits led by strong domestic business. Overall exports experienced some headwinds, due to global supply chain issues, competition and slow demand. However, global focus on renewables will be beneficial to us and improve our performance further. " Result PDF