Apar Industries announced Q3FY23 results: Q3FY23: Revenue at Rs 3,942 crore; up 77% YoY EBIDTA at Rs 349 crore; up 174% YoY PAT at Rs 170 crore; up 210% YoY 9MFY23: Revenue at Rs 10,270 crore; up 63% YoY EBIDTA at Rs 825 crore; up 110% YoY PAT at Rs 395 crore; up 127% YoY Segmenta: Conductor: Revenue reported a growth of 103% YoY with volumes growing 99% YoY during Q3. EBIDTA for the quarter came in at Rs 227 crore. (up 410% YoY) EBIDTA post forex expanding to 49,942 per MT, owing to an improved product & geography mix. Revenue from premium products increased to 44% in Q3FY23 and exports were up 288% YoY Order book as on end of Q3FY23 stands Rs 4,885 crore, of which premium product accounts 44%. 9MFY23 revenue stood at Rs 4,899 crore with EBITDA post forex of Rs 37,900 per MT. Speciality Oils: Q3 revenue grew 38% YoY, driven by volume-led growth and base oil prices. Volume up 9% YoY EBIDTA post forex adjustment was at 1,646 per KI down by 76% YoY 9MFY23 revenue stood at Rs 3,489 crore with EBIDTA post forex of 5,190 per KI Cables Solutions: Q3 revenue grew 89% YoY, led by strong growth in exports and elastomeric products Exports tripled vs Q3FY22 and contributed 49% of sales in Q3FY23 EBIDTA post forex adjustment improved to 11.8% in Q3FY23; 9MFY23 revenue stood at Rs 2,320 crore with EBITDA post forex of 9.8% on sales Commenting on the results as well as the outlook of the business Mr. Kushal N Desai, Chairman & MD of APAR Industries said, "The third quarter continued its momentum by recording historic high top-line as well as bottom-line. We witnessed volume growth across all the three divisions and the net profit tripled on a YoY basis. We are optimistic about the growth prospects of our company as we believe we are appropriately placed to tap the benefits of infra-led spends, push towards renewable energy as well as China+1. " Result PDF
Electric equipment firm Apar Industries announced Q2FY23 results: H1FY23: Revenue at Rs. 6,328 crore up 55% YoY EBIDTA at Rs. 476 crore; up 77% YoY PAT at Rs. 225 crore; up 89% YoY Q2FY23: Revenue at Rs. 3,235 crore; up 43% YoY EBIDTA at Rs. 237 crore; up 82% YoY PAT at Rs. 103 crore; up 80% YoY Commenting on the results as well as the outlook of the business Mr. Kushal N Desai, Chairman & MD of APAR Industries said, "We witnessed a strong quarterly and half-yearly performance both on the top line as well as on the bottom line. We achieved historic high half-yearly revenue and PAT with all three divisions contributing to the growth. The current geopolitical, and macro environment and the level of infrastructure spending are providing a better platform for us. In addition, there is a strong push towards renewable energy across the globe. We remain optimistic to tap the opportunities coming our way. For the company, the growth drivers remain strong." Result PDF