Personal Products company Apar Industries announced Q1FY25 results: Revenue at Rs 4,011 crore; up 6.5% YoY. EBIDTA post open period forex at Rs 394 crore; up 6.8% YoY PAT at Rs 203 crore; up 2.6% YoY Commenting on the results as well as the outlook of the business Kushal N Desai, Chairman & MD of APAR Industries said, "We had a good start to FY2025 with all time high Ql revenue led by strong performance in domestic business across the segments. US and Europe market continues to encounter few headwinds as well as export shipments were affected towards end of June due to container availability tightness and increase in freight rates. We expect demand from Western nations to accelerate by second half of FY25. We are confident to deliver long term sustainable growth by leveraging on our robust growth drivers, strategic priorities and our value proposition" Result PDF
Electrical Equipment company Apar Industries announced Q4FY24 & FY24 results: Q4FY24 Financial Highlights: Revenue at Rs 4,455 crore; up 9% YoY. Global revenues ex-US up by 29.8% YoY. EBIDTA at Rs 457 crore; up 3% YoY PAT at Rs 236 crore; down 3% YoY due to high base LY Q4 FY24 Financial Highlights: Revenue at Rs 16,153 crore; up 13% YoY. EBIDTA at Rs 1,632 crore; up 24% YoY PAT at Rs 825 crore; up 29% YoY Commenting on the results as well as the outlook of the business Kushal N Desai, Chairman & MD of APAR Industries said, "Fourth quarter delivered a good performance with highest ever revenues and operating results. Our premium businesses viz, premium conductors, speciality cables and transformer oil continues to outperform. Export market witnessed a contraction because of de-inventorisation, red sea issue, inflation and higher cost of capital, however domestic demand contributed to strong results. The fundamental growth drivers remains intact" Result PDF
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