APAR Industries Limited Releases its Financial Results for Q1FY24
The Financial Results for Q1FY24 show Revenue at INR 3,773 crores and up 22 percent YoY.
July 31, 2023. By EI News Network
The Financial Results for Q1FY24 show Revenue at INR 3,773 crores and up 22 percent YoY.
On a full-year basis, the business reported overall revenue growth of 15 percent YoY with volumes growing 27 percent. In Q1FY24, EBITDA stood at INR 369 crores up 54 percent YoY. Also, the PAT stood at INR 197 crores and up 61 percent YoY.
Kushal N Desai, Chairman & MD of APAR Industries said, “The first quarter witnessed a strong start to FY 24 with volumes growing across all the divisions. The top-line and bottom-line witnessed historic heights in Q1. Our strategic initiatives taken in the past has augured well and we are currently reaping these benefits. We are focussed on the long term growth prospects of the company and committed to increase value to stakeholders"
The company was incorporated in 1958 and is a diversified billion-dollar conglomerate with a strong presence in over 140 countries. APAR offers over 350 grades of specialty oils, the largest range of specialty cables, lubricants, specialty automotive and polymers.
Earlier in June 2023, APAR has taken one more step towards augmenting green energy by successfully commissioning a wind-solar hybrid (3.30 MW wind turbine and 2.80 MWp of solar energy) project in collaboration with a supplier. This project is anticipated to generate approximately 15 million units yearly (over 10 percent of annual electricity consumption) and assist in GHG emission minimisation.
please contact: contact@energetica-india.net.
Aman Mehtani
Founder & Group CEO
ADM Group Offers Smart, Sustainable Solutions for Global Automotive Industry
Gaurav Dolwani
CEO
From Scrap to Sustainability: LICO Materials’ Circular Economy Approach
Gaurav Kumar
Head of Supply Chain and Manufacturing
Euler Motors Bridges Cost Gap Between EVs and ICE Vehicles with Localization
Shveta Arya
India Region Leader
Powering India’s Mobility Future: Cummins Showcases Advanced Power Solutions at Bharat Mobility
Samkit Shah
Co-Founder
Jitendra EV Leading Hybrid EV Revolution with Hydrix