APAR Industries Limited posts volume-led strong growth across divisions;  Profitability at 3x v/s LY 

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APAR
APAR Industries Limited posts volume-led strong growth across divisions;  Profitability at 3x v/s LY 

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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