Conference Call with Apar Industries Management and Analysts on Q3FY24 Performance and Outlook. Listen to the full earnings transcript.
Electrical Equipment/Products company Apar Industries announced Q3FY24 & 9MFY24 results: Q3FY24: Revenue at Rs 4,013 crore; up 2% YoY. Global revenues ex-US up by 17.2% YoY. EBIDTA at Rs 432 crore; up 24% YoY PAT at Rs 218 crore; up 28% YoY 9MFY24: Revenue at Rs 11,711 crore; up 14% YoY. Global revenues ex-US up by 20.0% YoY. EBIDTA at Rs 1,174 crore; up 42% YoY PAT at Rs 589 crore; up 49% YoY Commenting on the results as well as the outlook of the business Kushal N Desai, Chairman & MD of APAR Industries said, "In the third quarter the Company successfully raised funds through Qualified Institutional Placement mode, aiming to strengthen our balance sheet and to fund various growth opportunities. Third quarter continues to maintain the growth momentum with strong operating performance across all segments. Our margin profile has improved in Q3 and 9MFY24. The strategic business decisions, innovations and R&D; initiatives taken in the past is accelerating our growth trajectory, thereby delivering long-term value appreciation to our stakeholders. We are optimistic that growth momentum will continue in long-term as well, especially as we expect the US and other overseas markets to commence fresh ordering post rationalisation of excess inventory that was being carried." Result PDF