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Yes Securities Report
Apar Industries Ltd. reported highest‐ever quarterly revenue, primarily led by the conductors segment (up 80% YoY).
Conductors revenue growth was largely driven by improved share of higher products (51% versus 36% in Q4 FY21) while volumes grew by 9% YoY.
Other segments such as specialty oils and lubricants (up 29% YoY) and cables (up 54% YoY) too witnessed healthy growth.
Margins expanded by 26 basis points/57 bps YoY/QoQ owing to operating leverage.
Going forward Apar Industries expects strong traction in India on the back of a capex‐oriented budget, focus on railways, defence outlay, etc. On international front, markets such as North America, Europe, Africa, GCC, etc. are expected to witness robust demand as well.
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