Apar Industries Ltd (NSE:APARINDS)
₹ 13,745 -90 (-0.65%) Market Cap: 553.32 Bil Enterprise Value: 554.20 Bil PE Ratio: 46.92 PB Ratio: 10.26 GF Score: 84/100

Q3 2025 Apar Industries Ltd Earnings Call Transcript

Jan 28, 2025 / 10:00AM GMT
Release Date Price: ₹7173.7 (-19.97%)

Key Points

Positve
  • Apar Industries Ltd (BOM:532259) reported a 17.7% year-on-year increase in consolidated revenue for Q3 FY25, driven by strong domestic volume growth.
  • The domestic revenue grew by 31.8% compared to the previous year, indicating robust demand in the local market.
  • The company achieved an all-time high consolidated revenue of INR13,371 crores for the first nine months of FY25, marking a 14.3% year-on-year increase.
  • The conductor business saw a 23.4% year-on-year revenue growth in Q3 FY25, with a healthy order book of INR7,600 crores.
  • Apar Industries Ltd (BOM:532259) is optimistic about the US market, with sequential growth in cable sales and increased approvals for utilities, indicating potential for future growth.
Negative
  • EBITDA for Q3 FY25 decreased by 7.1% year-on-year to INR401 crores, with the EBITDA margin declining to 8.5%.
  • Profit after tax for Q3 FY25 fell by 19.7% compared to the same quarter in the previous year, with the profit margin dropping to 3.7%.
  • The export revenue contribution decreased to 33.5% from 40.7% in the same period last year, indicating challenges in international markets.
  • The oil business experienced a slight revenue decline of 0.6% year-on-year due to lower base oil values, despite a 4.8% volume growth.
  • Increased competition, particularly from Chinese producers in certain export markets, has impacted margins and market share.
Operator

Ladies and gentlemen, good day, and welcome to the Apar Industries Limited earnings conference call. (Operator Instructions)

I now hand the conference over to Mr. Ambesh Tiwari from S-Ancial Technologies. Thank you, and over to you.

Ambesh Tiwari
S-Ancial Technologies - Analyst

Thank you. Good afternoon, everyone. This is Ambesh Tiwari from S-Ancial Technologies. I welcome you all for the Q3 FY24 earnings call for Apar Industries.

To discuss the business performance and outlook, we have from the management side, Mr. Kushal Desai, Chairman and Managing Director; Mr. Chaitanya Desai, Managing Director; and the CFO, Mr. Ramesh Iyer.

I would now pass on the mic to Mr. Kushal Desai for the opening remarks. Thank you, and over to you, sir.

Kushal Desai
Apar Industries Ltd - Chief Executive Officer, Managing Director, Executive Director

Yeah. Thank you, Ambesh. Good afternoon, everyone, and welcome to the Apar Industries Q3 FY25 earnings call. I would like to start by giving an overview of

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