Conference Call with Apar Industries Management and Institutional Investors. Listen to the full earnings transcript.
Other Electrical Equipment firm Apar Industries Announced Q1FY23 Result : Q1 FY23 revenue up 71% YoY with growths coming in from all the three business divisions on the back of higher volume and commodity prices. Exports’ revenue up 76% YoY driven by 248% increase in cable export. Export mix at 42% versus 41% in Q1FY22 EBITDA up 73% YoY partly due to high oil prices and inventory gains and margins coming in from premium products in conductors Conductor business recorded strong EBIDTA at 21,933 per MT PAT up 97% YoY to reach INR 122 crore with 4% margin versus 3.4% in Q1FY22. Higher interest cost absorbed within EBIDTA gains Revenue up 128% YoY on the back of higher volume and metal prices Exports up 120% YoY, contributing 42% to revenues versus 46% in Q1FY22 Premium products (HEC + Copper Conductor + OPGW + CTC) contribution up to 47% from 44% in Q1FY22 HEC contributed 26% versus 15% in Q1FY22 EBITDA per MT at INR 21,933 at historic high levels on the back of improved mix of premium products. New order inflow of INR 2,017 crore, up 30% YoY Robust order book at INR 3,647 crore with 54% share from premium products. Result PDF
Conference Call with Apar Industries Management and Analysts on Q3FY22 Performance and Outlook. Listen to the full earnings transcript.
Electrical Equipment/Products company Apar Industries declares Q3FY22 result: Revenue up 22% over pre-COVID (Q3FY20) driven by 40% YoY increase in domestic revenues: Domestic business and premiumisation of product mix drive revenue as export volumes remain impacted amidst challenging international freight environment. Exports contributed 35% to revenues versus 40% in Q3 FY21. Conductors’ business recorded highest ever EBITDA per MT at INR 18,987 on the back of continuous premiumisation. EBITDA margin at 5.7% and PAT margin at 2.5% for Q3FY22. The EBITDA in Q3FY21 was high from the exceptional numbers from the Speciality Oil business in that quarter 9M FY22: Profitability steady, PAT up 56% from pre-COVID Revenue up 41% YoY and 12% over pre-COVID (9MFY20). Domestic business up 54% YoY. Exports contributed 37% to revenues versus 43% in 9MFY21. EBITDA up 24% YoY to reach INR 393 crore with margin of 6.2%. PAT reached INR 174 crore with 2.8% margin versus 2.0% in 9MFY20. Finance costs reduced by 7% YoY due to improved working capital management & lower interest rates in spite of much higher commodity and raw material prices across the board. Result PDF