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