Q3 FY2023 consolidated revenue at ₹ 3,942 crores up 77% (YoY),
EBIDTA at ₹ 349 crores up 174%(YoY)
Mumbai, 31st January, 2023: APAR Industries Limited (BSE: 532259, NSE: APARINDS), the world’s largest conductor manufacturer, 3rd largest transformer oil manufacturer and India’s largest renewable cables manufacturer today announced its consolidated results for the third quarter and 9 months ended December 31, 2022.
Key Financial Highlights:
9MFY23
Revenue at ₹ 10,270 crores; up 63% YoY
EBIDTA at ₹ 825 crores; up 110% YoY
PAT at ₹ 395 crores; up 127% YoY
Q3FY23
Revenue at ₹ 3,942 crores; up 77% YoY
EBIDTA at ₹ 349 crores; up 174% YoY
PAT at ₹ 170 crores; up 210% YoY
Segmental Updates:
Conductor:
Revenue reported a growth of 103% YoY with volumes growing 99% YoY during Q3 EBIDTA for the quarter came in at ₹ 227 crores. (up 410% YoY)
EBIDTA post forex expanding to 49,942 per MT, owing to an improved product & geography mix Revenue from premium products increased to 44% in Q3FY23 and exports were up 288% YoY Order book as on end of Q3FY23 stands ₹ 4,885 crores, of which premium product accounts 44%
9 months revenue stood at ₹ 4,899 crores with EBITDA post forex of ₹ 37,900 per MT
Speciality Oils:
Q3 revenue grew 38% YoY, driven by volume-led growth and base oil prices. Volume up 9% YoY EBIDTA post forex adjustment was at 1,646 per Kl down by 76% YoY
9 months revenue stood at ₹ 3,489 crores with EBIDTA post forex of 5,190 per Kl
Cables Solutions:
Q3 revenue grew 89% YoY, led by strong growth in exports and elastomeric products Exports tripled vs Q3 FY22 and contributed 49% of sales in Q3 FY23
EBIDTA post forex adjustment improved to 11.8% in Q3FY23
9 months revenue stood at ₹ 2,320 crores with EBIDTA post forex of 9.8% on sales Commenting on the results as well as the outlook of the business Mr. Kushal N Desai, Chairman & MD of APAR Industries said, “The third quarter continued its momentum by recording historic high top-line as well as bottom-line. We witnessed volume growth across all the three divisions and the net profit tripled on a year-on-year basis. We are optimistic about the growth prospects of our company as we believe we are appropriately placed to tap the benefits of infra-led spends, push towards renewable energy as well as China+1.“
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