APAR Industries Posts Quarterly and Annual Revenue

In the conductor segment, revenue reported a growth of 41% YoY with volumes growing 46% YoY during Q4. In the cable segment, Q4 revenue grew 38% YoY.

May 10, 2023. By Anurima Mondal

APAR Industries Limited announced its consolidated results for the fourth quarter and 12 months ended March 31, 2023.

Key Financial Highlights:

12MFY23

Revenue at INR 14,352 crore; up 54% YoY
EBIDTA at INR 1,320 crore; up 130% YoY
PAT at INR 638 crore; up 148% YoY

Q4FY23

Revenue at INR 4,089 crores; up 36% YoY
EBIDTA at INR 445 crores; up 146% YoY
PAT at INR 243 crores; up 194% YoY

In the conductor segment, revenue reported a growth of 41% YoY with volumes growing 46% YoY during Q4 and EBIDTA for the quarter came in at INR 282 crore (up 333% YoY). EBIDTA post forex expanding to 58,006 per MT, owing to an improved product & geography mix. Revenue from premium products increased to 45% in Q4FY23 and exports were up 81% YoY. Order book as on end of Q4FY23 stands INR 5,124 crore. The revenue for 12 months stood at INR 7,013 crores with EBITDA post forex of INR 44,114 per MT.

In the cable segment, Q4 revenue grew 38% YoY, led by strong growth in exports and elastomeric products. Exports tripled vs Q4 FY22 and contributed 54% of sales in Q4 FY23. EBIDTA post forex adjustment improved to 12.4% in Q4FY23. The revenue for 12 months stood at INR 3,263 crores with EBIDTA post forex of 10.5% on sales. The order book as on end of Q4FY23 stands INR 1,221 crores.

Commenting on the results as well as the outlook of the business Kushal N Desai, Chairman & MD of APAR Industries said, “The fourth quarter and Annual performance witnessed All-time high both on top-line and on bottom-line. We had volume and profitable growth across all the three divisions as we reap the benefits of R&D, innovations and investments done over the past several years in line with the motto of the company to provide Tomorrow’s solutions today."

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