Q4FY24 Quarterly & FY24 Annual Result Announced for Apar Industries Ltd.
Electrical Equipment company Apar Industries announced Q4FY24 & FY24 results: Q4FY24 Financial Highlights: Revenue at Rs 4,455 crore; up 9% YoY. Global revenues ex-US up by 29.8% YoY. EBIDTA at Rs 457 crore; up 3% YoY PAT at Rs 236 crore; down 3% YoY due to high base LY Q4 FY24 Financial Highlights: Revenue at Rs 16,153 crore; up 13% YoY. EBIDTA at Rs 1,632 crore; up 24% YoY PAT at Rs 825 crore; up 29% YoY Commenting on the results as well as the outlook of the business Kushal N Desai, Chairman & MD of APAR Industries said, "Fourth quarter delivered a good performance with highest ever revenues and operating results. Our premium businesses viz, premium conductors, speciality cables and transformer oil continues to outperform. Export market witnessed a contraction because of de-inventorisation, red sea issue, inflation and higher cost of capital, however domestic demand contributed to strong results. The fundamental growth drivers remains intact" Result PDF14-05-2024