Apar Industries Q4 Review - Specialty Oil Segment Drives Growth: Prabhudas Lilladher

An employee pours a sample of oil into a test tube in the control laboratory at a blending plant in Torzhok, Russia. (Photographer: Andrey Rudakov/Bloomberg).

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.

Click on the attachment to read the full report:

Prabhudas Lilladher Apar Industries Q4FY21 Result Update.pdf

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