APAR Industries Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2024
May 14, 2024 at 04:30 am
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APAR Industries Limited reported earnings results for the fourth quarter and full year ended March 31, 2024. For the fourth quarter, the company reported sales was INR 44,325.7 million compared to INR 40,533.4 million a year ago. Revenue was INR 44,879.2 million compared to INR 40,950.1 million a year ago. Net income was INR 2,362.2 million compared to INR 2,427.3 million a year ago. Basic earnings per share from continuing operations was INR 60.97 compared to INR 63.43 a year ago. Diluted earnings per share from continuing operations was INR 60.97 compared to INR 63.43 a year ago.
For the full year, sales was INR 160,451.5 million compared to INR 142,578.4 million a year ago. Revenue was INR 162,394.1 million compared to INR 143,737.7 million a year ago. Net income was INR 8,251.1 million compared to INR 6,377.2 million a year ago. Basic earnings per share from continuing operations was INR 212.1 compared to INR 166.64 a year ago. Diluted earnings per share from continuing operations was INR 212.1 compared to INR 166.64 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 
