1207.10 40.40 (3.46%)
NSE Aug 12, 2022 15:31 PM
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Rapid Results Alerts
Apar Industries Ltd.    
29 Jul 2022
1207.10
3.46%

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.

 

 

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