Apar Industries Limited · NSE:APARINDS
Apar Industries — Investor Presentation (January 2024)
83 slides from Apar Industries's investor presentation, Jan 30, 2024
Slide 1: Exchange filing cover letter for corporate presentation
SEC/3001/2024 By E-Filing January 30, 2024 National Stock Exchange of India Limited BSE Limited “Exchange Plaza”, Corporate Relations Department, C-1, Block G, Phiroze Jeejeebhoy Towers, Bandra- Kurla Complex, Dalal Street, Bandra (E), Fort, Mumbai – 400 051. Mumbai - 400 001. Scrip Symbol : APARIND
Slide 2: Corporate Presentation – January 2024
Ascending Passionately, Achieving Responsibly CORPORATE PRESENTATION – January 2024
Slide 3: Table of contents
Table of contents 04 COMPANY OVERVIEW 59 FINANCIAL OVERVIEW 71 ANNEXURES 80 SHAREHOLDING PATTERN
Slide 4: Safe harbour
Safe harbour This presentation may have certain statements that may be “forward looking” including those relating to general business plans and strategy of APAR Industries Ltd., its outlook and growth prospects. The actual results may differ materially from these forward-looking statements due to se
Slide 5: Company Overview
COMPANY OVERVIEW
Slide 6: APAR Industries: Tomorrow's solutions today
APAR Industries: Tomorrow’s solutions today #1 3rd #1 14,352 Cr Largest global aluminium & Largest global manufacturer of Cables manufacturer for FY23 Revenue, ($1.75 bn+) alloy conductors’ manufacturer Transformer oils renewables in India 5 year CAGR at 19.3% Our Strengths Trusted Manufacturer and
Slide 7: Our Businesses
Our Businesses Leading the innovation curve as the world’s 3rd largest transformer oil manufacturer and with a comprehensive range of over 350 products in speciality oils, process oils & lubricants. Largest exporter of Transformer oils from India. Leading the innovation curve as the largest one-stop
Slide 8: What drives us
What drives us Our Mission (Why we exist): Our Values: To design & manufacture Building Blocks for Energy Infrastructure, Transportation & Telecommunication Sectors that contribute meaningfully to make this world a more energy efficient, environmentally sustainable and safer place. A P A R I A N Our
Slide 9: Our 65 years of legacy (1/2)
Our 65 years of legacy (1/2) Company incorporated Greenfield expansion to meet Diversification into State-of-the-art R&D unit with conductor business growing oils demand auto lubes segment setup at Rabale (setup Rabale oils plant) (license agreement with ENI Italy) (global presence in 100+ countries
Slide 10: Our 65 years of legacy (2/2)
Our 65 years of legacy (2/2) Greenfield expansion Commissioning of Sharjah plant, New APAR logo! Signed Sonu Sood as Achieved record high to meet growing conductors demand Signed agreement with Hindalco (Together we fought through covid-19) Brand Ambassador turnover of Rs. 14,352 Cr. (conductor plan
Slide 11: Well-diversified across industries & segments
Well-diversified across industries & segments Conductors Specialty Oils o One of the largest global manufacturers o 3rd largest global manufacturer of T-oils o Pioneered turnkey solutions for reconductoring with HEC, live line o 1st globally to supply the entire range of T-oils compliant to new inst
Slide 12: Extensive global presence driving exports
Extensive global presence driving exports Prominent presence with established Utilities, EPC’s & channel partners in USA Canada Mexico Colombia Brazil Peru Chile Spain France Great Britain Romania Norway Sweden Finland Poland USA Canada Australia Brazil Columbia Italy Montenegro North Macedonia Aust
Slide 13: Industries we cater to
Industries we cater to 03 Renewable Railways Energy 04 Defence Transformers Mining 05 Industrial 02 Nuclear Atomic Telecommunication & Data Communication Motors & 01 Generators 06 Power Transmission 08 Shipping & Distribution Wires & Cables 07 12 Corporate Presentation – January 2024
Slide 14: APAR Group – House of Brands
APAR Group – House of Brands 13 Corporate Presentation – January 2024
Slide 15: APAR's State-of-the-Art facilities strategically located
APAR’s State-of-the-Art facilities strategically located Manufactures: Cables Gujarat Umbergaon Manufactures: Conductors Jharsuguda Odisha Manufactures: Wires & Cables Maharashtra Manufactures: Khatalwada Conductors Lapanga Manufactures: Polymers Manufactures: Umbergaon Conductors Rabale Silvassa Ma
Slide 16: Conductors – One of the largest global manufacturers
Conductors – One of the largest global manufacturers Conventional HTLS Conductors Railway Conductors Specialty Alloy Rods OPGW Conductors ACS Wire CTC/PICC Turnkey Solutions BUSBAR Strong leadership & competitive edge Strategic focus on higher-value products FY23 revenue of INR 7,013 crore, 5 years
Slide 17: Transformation journey of APAR Conductors
Transformation journey of APAR Conductors o Bus Bar is launched for use in high voltage & low voltage equipment o Introduced a premium product line viz., o Introduced Copper Railway conductors as per RDSO o One of the first company to successfully test 765 HTLS- ACCC & Turnkey project – specificatio
Slide 18: Product Portfolio - Copper Rods/Wires/Busbars/Strips
Product Portfolio - Copper Rods/Wires/Busbars/Strips Industries we cater to, o Switchgear Industries Copper alloy rod Copper strips Copper busbar o Electrical Panel Manufacturers o Electrical Substations Copper wire Copper conductor Sections copper 17 Corporate Presentation – January 2024
Slide 19: Product Portfolio - Turnkey Projects
Product Portfolio - Turnkey Projects HTLS HTLS OPGW CONVENTIONAL Transmission Distribution Live Line EPC SUBSTATION AUGMENTATION TELECOM INTEGRATION Other HTLS EPC – MVCC EPC– UG CABLE 18 Corporate Presentation – January 2024
Slide 20: Growth drivers – Conductors
Growth drivers – Conductors o Completed 150+ turnkey solution projects o Delivered 1,60,131 MT of Conductors o Premium products contribution - 43% o New order inflow - 44% o Green initiatives to reduce carbon intensity in operations o All time high revenue in FY 2023 19 amounts in INR crore Corporat
Slide 21: Competitive advantage – Conductor
Competitive advantage – Conductor Exports mix in total conductor division – 50.7% in FY 23 Premium products o Technology & know-how involved in product and design, acting as a barrier to entry for competition o Special stringing mechanism with sophisticated equipment to protect the carbon composite
Slide 22: Specialty Oils & Lubricants – 3rd largest in Transformer Oils globally
Specialty Oils & Lubricants – 3rd largest in Transformer Oils globally Transformer oil White oils Industrial & process oils Industrial & auto lubricants Petroleum jelly POWEROIL TO NE premium Strong leadership & competitive edge Leading domestic player in auto lubes. INR 252 crore invested in FY16-F
Slide 23: Understanding our speciality oils business
Understanding our speciality oils business o APAR is India’s largest Private manufacturer and exporter of Speciality oils o World’s 3rd Largest Transformer Oil manufacturer o Production capacity of 5,00,000+ KL in India & 1,20,000+ KL in UAE TRANSFORMER TECHNICAL PHARMACEUTICAL RUBBER OILS GRADE WHI
Slide 24: Lubricant Product Range (Auto + Industrial)
Lubricant Product Range (Auto + Industrial) AUTOMOTIVE LUBRICANTS INDUSTRIAL LUBRICANTS On Road Off Road Maintenance Metal Working Motorcycle Passenger Diesel Construction Agricultural Reduction Hydraulic Turbine Compressor Soluble & Neat Quenching Oils Car oils Engine Oils & Infrastructure Oils Gea
Slide 25: Growth drivers – Specialty Oils & Lubricants
Growth drivers – Specialty Oils & Lubricants o 500+ Grade Oils o Total volume 4.86 lac KL of speciality oils during the year o Transformer oils volumes up 14% vs. FY22 o Industrial Oil sales up 9% vs. FY22 o Serving 140+ Countries o Launched best-in-class 99% biodegradable natural ester transformer
Slide 26: Competitive advantage – Specialty Oils & Lubricants
Competitive advantage – Specialty Oils & Lubricants Exports mix in total oil division – 44.9% in FY 23 o 3rd largest global player in transformer oils. o Diversified customer base and industries served viz., OEM's, Pharma, Tyres, Cosmetics, Auto Lubricants etc. o Limited organised players. o Approva
Slide 27: Cables - Largest domestic player in renewables
Cables - Largest domestic player in renewables Power cables House wire & cable Elastomeric cables E-beam irradiated cables OFC Speciality hybrid cables Strong leadership & competitive edge Strategic focus on higher-value products FY23 revenue of INR 3,263 crore, 5 years CAGR at 23.5% INR 430 crore i
Slide 28: Cable Solutions – Diversified Product Portfolio
Cable Solutions – Diversified Product Portfolio ELASTOMERIC CABLES FOR POWER CABLES HOUSE WIRES CABLE & E-BEAM & WIRES AND FLEXIBLES USA MARKET HARNESS CABLES Building Wire o Automotive & EV o XLPE LV Power Cables o Solar Cables o House Wires o RW75/RW90/RHH/RHW/RHW- XLPE MV Power Cables o Windmill
Slide 29: Serving diversified sectors
Serving diversified sectors o E-beam technology for house wiring - first mover advantage and the only company using this technology giving the product a 50-year life, melt resistant and flame retardant till 105 degrees. o India’s only Cable company with 4 e-Beam irradiation facilities. Power Transmi
Slide 30: Growth drivers – Cable Solutions
Growth drivers – Cable Solutions o India’s only Cable company with 4 e-Beam irradiation facilities. o Leading player in the renewable space in India (solar & wind cables). o Highest number of UL certificate of compliance from India for sale of cable in the United States. o Wide range of cable & indu
Slide 31: Sonu Sood as the face of APAR Industries
Sonu Sood as the face of APAR Industries SONU SOOD ENDORSING OUR LIGHT DUTY CABLES RANGE o House wire o CAT 6 LAN cable o House wiring o House wire o Round Multicore o Telephone cable o Round multicore o HFFR o Round Multicore o 3 core flat cable o CCTV o Core flat cable o Round Multicore o EBXL HFF
Slide 32: Channel expansion in our Light Duty Cable business
Channel expansion in our Light Duty Cable business As on 31st March 2023 Channel Expansion As on 31st December 2023 120 Distributor presence 310 2395 Retail count presence 4,370 13 Retail state presence 18 Product Awareness 35,353 Demo’s 52,572 3,373 Electrician Meets 4,892 31 amounts in INR crore C
Slide 33: Competitive advantage – Cable Solutions
Competitive advantage – Cable Solutions Exports mix in total cable division – 51.7% in FY 23 o E-beam technology for house wiring - first mover advantage and the only company using this technology giving the product a 50-year life, melt resistant and flame retardant till 105 degrees. o India’s only
Slide 34: APAR Telecom Solutions
APAR Telecom Solutions Diversified Telecom Solutions as a separate a business vertical to bring more focus and garner maximum growth potential: Market Dynamics Focus Areas o Connected world with near zero latency o Converged networks o Cloud shift from hyperscale to edge o Data centres o Blockchain
Slide 35: Digitalisation taking data growth to new levels…
Digitalisation taking data growth to new levels… Current use cases Global Data Consumption per user Global mobile Data traffic in EB/month GB per smartphone Video Consumption 60%+ of total traffic high uploads, creation Gaming & Software Downloads Social Networking with heavy rural and cross demogra
Slide 36: Advent of 5G and densification of small cells
Advent of 5G and densification of small cells 10X Faster than 4G| 16X Cell Density as compared with 4G 3G 4G 5G 1000 10 Km 10 Km 10 Km < 1 ms Peak Data Rate - Mbps 10 Km 10 Km 10 Km 1 Site 1 Site 1 Site Every 10 KM Every 2 KM Every 0.5 KM 100 25x 16x 63 1 15 CELL DENSITY (Cell/ 100 Sq.Km.) CELL DENS
Slide 37: Using customer centric innovations to capture future markets
Using customer centric innovations to capture future markets Innovation on Creating new products Crafting full solutions – individual product level to drive TCO benefits deployment ready solutions APAR Micro Cables and APAR hybrid cable is a APAR solutions for Wind-mills is Fire Resistant products u
Slide 38: Globally, we see growth opportunities in
Globally, we see growth opportunities in Addition of Transmission Infrastructure Renewable energy Expansion Development Wind, Solar & Nuclear Public Transportation Manufacturing, Telecom (incl Mobility) China + 1 37 Corporate Presentation – January 2024
Slide 39: Corporate Presentation – January 2024
38 Corporate Presentation – January 2024
Slide 40: Corporate Presentation – January 2024
39 Corporate Presentation – January 2024
Slide 41: Addition of Renewable energy
Addition of Renewable energy SECTOR OPPORTUNITY APAR ADVANTAGE o Solar Installed capacity is expected to grow by 225 GW o Leader in the domestic solar cable segment and most & Wind installed capacity is expected to grow by 55 GW dominant player in domestic wind market with over during 2024 to 2030 i
Slide 42: Renewables – strong opportunity for all business verticals
Renewables – strong opportunity for all business verticals Renewable Power Generation Power Transmission (Sub Station/Grid) Power Distribution String Cables, Low Voltage Cables, Nacelle Wiring, Transformer Oil, CTC Conductors PICC Conductors, T&D Traditional Application based Cables and Wires, APAR
Slide 43: Public transportation (incl. Mobility)
Public transportation (incl. Mobility) SECTOR OPPORTUNITY APAR ADVANTAGE o Infrastructure investments in Indian railways, Metros and o Supply of locomotive coaches, forward integration into High-speed rail to grow exponentially harness. Largest cables supplier for Vande Bharat trains o Market leader
Slide 44: Manufacturing Infrastructure
Infrastructure growth, Manufacturing, China+1 SECTOR OPPORTUNITY APAR ADVANTAGE o Governments are allocating investments in building o Lubricants for off road equipment for infrastructure Infrastructure extensive road networks for freight transportation, ports, development which includes, cranes, ro
Slide 45: Transmission expansion
Transmission expansion SECTOR OPPORTUNITY APAR ADVANTAGE o 80,000 ckm of transmission lines added and 350,000 o Distributed sites for renewable energy requires MVA of transformation capacity added in last 5 years in application of Conductors, Cables & transformer oils in India renewable generation s
Slide 46: Telecom
Telecom SECTOR OPPORTUNITY APAR ADVANTAGE o Digital transformation evolving faster o End to end telecom solutions provider for hybrid copper and fibre cables o The GB per smartphone will grow 25% CAGR shall reach 55 GB per mobile till 2028 in India o 10 bn mobile connections with 64% mobile internet
Slide 47: Well-defined Risk Management framework in existence
Well-defined Risk Management framework in existence Customer / Credit Risk Management: o Structured process of evaluating customer & end customer background. o Defined practices for setting up of credit limits. o Process for securing credit thru various means. o In-house business-legal teams within
Slide 48: Risk Management
Risk Management Commodity Risk Hedgeable commodities – Aluminium and Copper o 100% metal hedging against underlying contracts based on price formula o No metal variation exposure on the company Non-hedgeable major materials, services (excluding oil) o Short duration contracts to mitigate volatility
Slide 49: Organisational structure – Senior leadership
Organisational structure – Senior leadership Board of Directors Managing Independent Directors/Director Directors Oil Conductor Cable CFO CHRO Treasury ESG CS Operational Business Heads - Business Head - CEO – Cable Heads B2B Projects Solutions Marketing Operational Business Head - Business Head - B
Slide 50: Strong financial performance sustained over the years
Strong financial performance sustained over the years Consolidated Revenue Exports contribution at 45.6% in 9M FY24 EBITDA * Conductors Revenue Specialty Oils & Lubricants Revenue Cables Revenue * EBITDA post open period forex excluding interest income, corporate unallocable expenditure 49 amounts i
Slide 51: Key financial ratios
Key financial ratios Debt/ Equity Ratio (x) Net Fixed Asset Turnover Ratio (x) ROE (%) EPS * * Not annualised 50 amounts in INR crore Corporate Presentation – January 2024
Slide 52: Making this world a better place - ESG
Making this world a better place - ESG As per CRISIL ESG Rating report: RELEASES THREE ESG REPORTS RANKED 3RD AMONG INDUSTRIAL SECTOR KEY METRICS (FY 2022-23) FY 2021-22 FY 2020-21 104,928 tCO e GHG emission 2 22,717 tCO e Scope-1 GHG emission 2 82,212 tCO e Scope-2 GHG emission 2 328,325 KL Water F
Slide 53: Major milestones
Major milestones TCFD Report ESG rating by CRISIL 3rd party certification CDP disclosure We prepared our first TCFD (Task force on APAR’s name has found a place in the CRISIL GHG emissions (Scope-1 and Scope-2) and We disclose our climate related emissions to CDP Climate related Financial Disclosure
Slide 54: CRISIL rating
CRISIL rating o CRISIL had started ESG rating of top listed Indian companies since 2021. First such rating was done last year, and the report was released in June 2021. o 2nd such rating was done in 2022 for 586 top Indian companies, and report was released on 19th May 2022 o APAR’s name has found a
Slide 55: Doing good for society - healthcare
Doing good for society - healthcare DR. N.D DESAI, FACULTY OF MEDICAL DHARMSINH DESAI UNIVERSITY DHARMSINH DESAI MEMORIAL SCIENCE & RESEARCH (DDU) METHODIST HEART INSTITUTE Gujarat Gujarat Gujarat Free Multi-speciality hospital with Established in 1968 Offers Provides world-class cardiac care 800
Slide 56: Doing good for society – Education and Nutrition
Doing good for society – Education and Nutrition ANAMRITA FOUNDATION GOVARDHAN ECO VILLAGE SUPPORTING TOMORROW’S DREAMS Provides Free midday meals in 21 India’s 3rd largest skill Supporting technical high school & cities development centre boys high school at Nadiad Serving 6,500+ schools, 10 S
Slide 57: Key Awards and Accolades in 2023
Key Awards and Accolades in 2023 Best Renewable Cable Manufacturer Award Best Technology Expertise for Speciality Cables Listed among top cable companies Company of the Year Award: Cables at Net-Zero Energy Leadership Awards at Engineering Excellence Award by wires and Cables India at EV Manufacturi
Slide 58: Significant change in customer mix with focus on premiumization FY23
Significant change in customer mix with focus on premiumization FY23 Particulars FY23 Exports 48.7% Industries/Corporate 16.7% Specific industry groups 8.6% OEM's 6.5% EPC - Transmission companies 4.8% Utilities - Transmission companies 7.1% Renewables 2.7% Utilities - Electricity Distribution Board
Slide 59: Quality of Receivables FY 23
Quality of Receivables FY 23 Particulars % of Total Secured under various means 52.7% Government Transmission and sector specific companies 19.5% Others (of which 63% are with entities where APAR is having business relationship with over 27.8% 3 years) Total 100.0% 58 amounts in INR crore Corporate
Slide 60: Financial Overview
FINANCIAL OVERVIEW
Slide 61: Q3 FY24 results highlights
Q3 FY24: Revenue growth 2%, high US revenue in base LY. Sales growth ex-US 17.2%, strong growth in EBITDA and PAT * Revenue EBITDA PAT 2% YoY 24% YoY 28% YoY INR 4,013 crores INR 432 crores INR 218 crores Margin at 10.8% up 190 bps YoY Margin at 5.4% up 110 bps YoY o Due to de-inventorising by US cu
Slide 62: 9M FY24 results highlights
9M FY24: Revenue grew by 14% YoY; revenue ex-US grew by 20%. Strong growth in EBITDA margin continues * Revenue EBITDA PAT 14% YoY 42% YoY 49% YoY INR 11,711 crore INR 1,174 crore INR 589 crore Margin at 10.0% up 200 bps YoY Margin at 5.0% up 120 bps YoY Segmental Mix 9M FY24 Revenue o 9M FY24 reven
Slide 63: Conductors: Q3 FY24 highlights
Conductors: Q3 FY24 highlights Revenue Volume EBITDA 4% YOY 14% YOY 6% YOY INR 1,985 crores 50,695 MT INR 213 crores INR 227 crore (Q3 FY23) Margin at 10.7%; 11.9% (Q3 FY23) EBITDA per MT EBITDA post adj* EBITDA* per MT 18% YOY 5% YOY 17% YOY INR 41,926 INR 211 crores INR 41,530 INR 50,886 (Q3 FY23)
Slide 64: Conductors: 9M FY24 highlights
Conductors: 9M FY24 highlights Revenue Volume EBITDA 17% YOY 36% YOY 38% YOY INR 5,703 crore 1,50,334 MT INR 601 crore INR 434 crore (9M FY23) Margin at 10.5%; 8.9% (9M FY23) EBITDA per MT EBITDA post adj* EBITDA* per MT 2% YOY 43% YOY 5% YOY INR 39,966 INR 598 crore INR 39,777 INR 39,232 (9M FY23)
Slide 65: Speciality Oils & Lubricants: Q3 FY24 highlights
Speciality Oils & Lubricants : Q3 FY24 highlights Revenue Volume EBITDA 0.2% YOY 8% YOY 328% YOY INR 1,244 crores 1,36,329 KL INR 114 crores INR 27 crores (Q3 FY23) Margin at 9.2%; 2.1% (Q3 FY23) EBITDA per KL EBITDA post adj* EBITDA* per KL 298% YOY 433% YOY 396% YOY INR 8,357 INR 111 crores INR 8,
Slide 66: Speciality Oils & Lubricants: 9M FY24 highlights
Speciality Oils & Lubricants : 9M FY24 highlights Revenue Volume EBITDA 5% YOY 13% YOY 28% YOY INR 3,640 crore 4,00,772 KL INR 258 crore INR 202 crore (9M FY23) Margin at 7.1%; 5.8% (9M FY23) EBITDA per KL EBITDA post adj* EBITDA* per KL 13% YOY 37% YOY 21% YOY INR 6,428 INR 251crore INR 6,257 INR 5
Slide 67: Lubricants: Q3 FY24 highlights
Lubricants : Q3 FY24 highlights Revenue Volume 18% YOY 5% YOY INR 281 crores 17,945 KL o Revenue is up by 18% in Q3 FY24 vs Q3 FY23 o Industrial volume is down 5% YoY, Automotive volume is up by 10% YoY Note: Above numbers are given only for analytical purpose. These numbers are already included in
Slide 68: Lubricants: 9M FY24 highlights
Lubricants : 9M FY24 highlights Revenue Volume 6%YOY 3% YOY INR 703 crore 52,812 KL o Revenue is up 6% on YoY basis o Industrial volume remains flat YoY, Automotive volume up 4% YoY. Note: Above numbers are given only for analytical purpose. These numbers are already included in Slide 65 in Specialt
Slide 69: Cables: Q3 FY24 highlights
Cables : Q3 FY24 highlights Revenue EBITDA EBITDA post adj* 0.3% YOY 2% YOY 2% YOY INR 924 crores INR 107 crores INR 107 crores INR 109 crores (Q3 FY23) INR 109 crores (Q3 FY23) Margin at 11.6%; 11.9% (Q3 FY23) Margin at 11.5%; 11.8% (Q3 FY23) o Revenue is flattish on YoY due to high base of US sale
Slide 70: Cables: 9M FY24 highlights
Cables : 9M FY24 highlights Revenue EBITDA EBITDA post adj* 20% YOY 36% YOY 38% YOY INR 2,773 crore INR 316 crore INR 315 crore INR 233 crore (9M FY23) INR 227 crore (9M FY23) Margin at 11.4%; 10.0% (9M FY23) Margin at 11.4%; 9.8% (9M FY23) o Revenue up by 20% YoY due to increase in Elastomeric prod
Slide 71: 9M FY24 Division-wise EBITDA to PAT
9M FY24 Division-wise EBITDA to PAT Particulars Oil Conductor Cable Others Total EBITDA pre-open period forex (Note 1) 258.0 600.8 315.5 10.3 1,184.7 Open period forex (Note 2) 6.8 2.8 0.6 0.0 10.3 EBIDTA post open period forex 251.2 598.0 314.9 10.3 1,174.4 Finance cost (ex open period forex) (Note
Slide 72: Annexures
ANNEXURES
Slide 73: Q3 FY24: Consolidated Profit & Loss Statement
Q3 FY24: Consolidated Profit & Loss Statement Particulars Q3 FY24 Q3 FY23 % Chg YoY Q2 FY24 % Chg QoQ Gross sales 3,990.6 3,916.9 1.9% 3,894.0 2.5% Other Operating Income 22.6 22.0 2.7% 31.5 (28.3%) Total Operating Income 4,013.2 3,938.9 1.9% 3,925.5 2.2% Total Expenditure 3,608.1 3,595.7 0.3% 3,575
Slide 74: Q3 FY24: Consolidated Segment Analysis
Q3 FY24: Consolidated Segment Analysis Segments Q3 FY24 Q3 FY23 % Chg YoY Q2 FY24 % Chg QoQ Revenue Conductors 1,985.5 1,908.1 4.1% 1,943.3 2.2% Transformer & Specialty Oils 1,244.2 1,241.2 0.2% 1,198.1 3.8% Power & Telecom Cables 924.0 921.1 0.3% 882.3 4.7% Others/Unallocated 31.4 27.1 16.0% 29.2 7
Slide 75: Q3 FY24: Consolidated Segment Analysis
Q3 FY24: Consolidated Segment Analysis Segment Q3 FY24 Q3 FY23 % Chg YoY Q2 FY24 % Chg QoQ Segment Results before Interest and Tax Conductors 209.2 216.8 -3.5% 207.0 1.1% Transformer & Specialty Oils 108.1 20.8 419.7% 59.8 80.7% Power and Telecom Cables 98.3 101.4 -3.1% 90.6 8.5% Others/Unallocated
Slide 76: Q3 FY24: Financials
Q3 FY24: Financials Key Ratios Q3 FY24 Q3 FY23 Q2 FY24 EBITDA Margin 10.6% 8.9% 9.4% Net Margin 5.4% 4.3% 4.4% Total Expenditure/ Total Net Operating Income 89.9% 91.3% 91.1% Raw Material Cost/ Total Net Operating Income 74.1% 74.6% 75.9% Staff Cost/ Total Net Operating Income 1.8% 1.3% 1.8% Other E
Slide 77: 9M FY24: Consolidated Profit & Loss Statement
9M FY24: Consolidated Profit & Loss Statement Particulars 9M FY24 9M FY23 % Chg YoY Gross sales 11,625.8 10,216.1 13.8% Other Operating Income 85.3 47.5 79.6% Total Operating Income 11,711.1 10,263.6 14.1% Total Expenditure 10,610.1 9,460.5 12.2% Cost of Raw Materials 8,800.6 7,726.8 13.9% Employees
Slide 78: 9M FY24: Consolidated Segment Analysis
9M FY24: Consolidated Segment Analysis Segment 9M FY24 9M FY23 % Chg YoY Revenue Conductors 5,702.9 4,891.7 16.6% Transformer & Specialty Oils 3,639.8 3,481.7 4.5% Power & Telecom Cables 2,773.1 2,320.5 19.5% Others/Unallocated 89.6 77.4 15.8% Total Revenue 12,205.4 10,771.3 13.3% Less: Inter - Segm
Slide 79: 9M FY24: Consolidated Segment Analysis
9M FY24: Consolidated Segment Analysis Segment 9M FY24 9M FY23 % Chg YoY Segment Results before Interest and Tax Conductors 586.7 407.4 44.0% Transformer & Specialty Oils 240.5 185.0 30.0% Power and Telecom Cables 290.9 209.7 38.7% Others/Unallocated 9.5 4.8 97.9% Total 1127.6 806.9 39.7% Less : Fin
Slide 80: 9M FY24: Financials
9M FY24: Financials Key Ratios 9M FY24 9M FY23 EBITDA Margin 9.9% 8.1% Net Margin 5.1% 3.9% Total Expenditure/ Total Net Operating Income 90.6% 92.2% Raw Material Cost/ Total Net Operating Income 75.1% 75.3% Staff Cost/ Total Net Operating Income 1.8% 1.5% Other Expenditure/ Total Net Operating Inco
Slide 81: Shareholding Pattern
SHAREHOLDING PATTERN
Slide 82: Market performance and shareholding structure
Market performance and shareholding structure APAR has been consistently outperforming market 400 331% 300 200 166% 100 118% 0 Apar Capital Goods Sensex Chart has been re-based to 100 As on December 31 , 2023 Outstanding shares – 4,01,68,315 11.5% Major Non-Promoter Shareholders Shareholding (%) 1.1
Slide 83: Thank You
For Institutional enquiries Mr. Ramesh Iyer CFO & Investor Relations Mr. Ambesh Tiwari Contact No : +91 22 67800400 Contact No : +91 84248 93404 E-mail – ramesh.iyer@apar.com E-mail – ambesh@s-ancial.com #215, Shiv Shakti Industrial Estate, 2Nd Floor, Address: APAR house, Bldg no. 4 & 5, For Investo
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