Apar Industries Q4 Review - Specialty Oil Segment Drives Growth: Prabhudas Lilladher
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Prabhudas Lilladher Report
Apar Industries Ltd. reported a decent set of numbers led by a strong recovery in the transformer oil segment and lower interest cost.
With economic activity witnessing a V-shape recovery, domestic revenues grew 12% YoY while export revenues de-grew 2.8% YoY.
Lower interest expense led to a boost in profitability.
Conductors segment reported an Ebitda loss of Rs 20 million owing to a steep rise in raw material, 2-3 times jump in freight costs and a delay in clearance from customers.
Specialty oil revenue grew 33% YoY driven by exports growth, market share gain and share of business from major key customers.
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