Apar Industries’ Ordering Momentum To Pickup Post Q3: Prabhudas Lilladher
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Prabhudas Lilladher Report
Apar Industries Ltd. reported strong set of numbers led by strong recovery in transformer oil segment.
De-growth in consolidated revenue by 6.7% YoY impacted due to supply chain challenges amidst pandemic in the domestic market (down, 6% YoY) while exports market (up, 7% YoY) is gradually returning to normalcy.
Lower raw material cost and cost rationalisation measures led to boost in profitability.
Conductors segment declined by 28% YoY owing to supply side constraint, subdued demand for conventional conductors and high efficiency conductors.
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