APAR Industries posts all-time high Quarterly & Annual Revenue

APAR Industries Limited, a diversified billion-dollar conglomerate, announced its consolidated results for the fourth quarter and 12 months ended March 31, 2023.

Key Financial Highlights:

12MFY23

• Revenue at Rs. 14,352 crores; up 54% YoY
• EBIDTA at Rs. 1,320 crores; up 130% YoY
• PAT at Rs. 638 crores; up 148% YoY

Q4FY23

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

Segmental Updates:

Conductor:

• Revenue reported a growth of 41% YoY with volumes growing 46% YoY during Q4
• EBIDTA for the quarter came in at Rs. 282 crores (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 Rs. 5,124 crores
• 12 months revenue stood at Rs. 7,013 crores with EBITDA post forex of Rs.  44,114 per MT

Speciality Oils:

• Q4 revenue grew 28% YoY, driven by volume-led growth and base oil prices. Volume up 12% YoY
• EBIDTA post forex adjustment was at 3,697 per Kl down by 38% YoY
• 12 months revenue stood at Rs. 4,656 crores with EBIDTA post forex of 4,781 per Kl

Cable Solutions:

• 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
• 12 months revenue stood at Rs. 3,263 crores with EBIDTA post forex of 10.5% on sales
• Order book as on end of Q4FY23 stands Rs. 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.”