APAR Industries Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023
January 30, 2024 at 02:51 am EST
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APAR Industries Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was INR 39,905.9 million compared to INR 39,168.9 million a year ago. Revenue was INR 40,341.6 million compared to INR 39,455.5 million a year ago. Net income was INR 2,175.7 million compared to INR 1,699 million a year ago. Basic earnings per share from continuing operations was INR 56.62 compared to INR 44.4 a year ago. Diluted earnings per share from continuing operations was INR 56.62 compared to INR 44.4 a year ago.
For the nine months, sales was INR 116,257.9 million compared to INR 102,161 million a year ago. Revenue was INR 117,647 million compared to INR 102,903.6 million a year ago. Net income was INR 5,888.8 million compared to INR 3,949.9 million a year ago. Basic earnings per share from continuing operations was INR 153.25 compared to INR 103.21 a year ago. Diluted earnings per share from continuing operations was INR 153.25 compared to INR 103.21 a year ago.
Apar Industries Limited (Apar) an India-based manufacturer and supplier of conductors, a variety of cables, specialty oils, polymers, and lubricants. The Companyâs segments include Conductor; Transformer & Specialties Oils; Power/Telecom Cables, and others. It provides diverse fields of electrical and metallurgical engineering offering value-added products and services in Power Transmission Conductors, Petroleum Specialty Oils, Power & Telecom Cables, and House wires. The Company's specialty oil business has a range of products, which falls under approximately four categories, such as transformer oils, white oils (liquid paraffins), petroleum jelly, and process oils. It also provides CTC/PICC conductors, railway overhead conductors, T&D overhead conductors, optical ground wires, aluminum and alloy rods, specialty wires, and turnkey solutions. The Company has manufacturing plants in the state of Maharashtra, Gujarat, Orissa, and the Union Territory of Dadra & Nagar Haveli.
APAR INDUSTRIES LIMITED 
