Apar Industries Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2022
January 31, 2023 at 02:57 am EST
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Apar Industries Limited reported earnings results for the third quarter and nine months ended December 31, 2022. For the third quarter, the company reported sales was INR 39,168.9 million compared to INR 22,212.7 million a year ago. Revenue was INR 39,455.5 million compared to INR 22,374.3 million a year ago. Net income was INR 1,699 million compared to INR 549.6 million a year ago. Basic earnings per share from continuing operations was INR 44.4 compared to INR 14.36 a year ago.
For the nine months, sales was INR 102,161 million compared to INR 62,867.3 million a year ago. Revenue was INR 102,903.6 million compared to INR 63,329.5 million a year ago. Net income was INR 3,949.9 million compared to INR 1,741.3 million a year ago. Basic earnings per share from continuing operations was INR 103.21 compared to INR 45.5 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 
