Apar Industries Limited — PPTs, 14-05-2025: Investor Presentation

1. Financial Highlights:

Consolidated revenue for Q4 FY25 rose 16.9% YoY to ₹5,210 Cr, with full-year revenue up 15.0% at ₹18,581 Cr, driven by broad-based growth. EBITDA increased 5.7% to ₹483 Cr in Q4, though margin slipped to 9.3% from 10.3% last year. Q4 PAT grew 5.9% to ₹250 Cr, while annual PAT stayed steady at ₹821 Cr. Domestic sales surged 31.4% in Q4 and 40.9% annually, offsetting a decline in exports (31.3% of Q4 revenue). The US market showed a sharp Q4 revenue rise (+195.6%) but dropped 5.0% for the full year. Balance sheet remains strong with assets of ₹11,264 Cr, cash of ₹686 Cr, and equity of ₹4,504 Cr.

2. Strategic Initiatives & Growth Drivers:

Growth was led by higher realizations, a shift toward premium products, and expanded US business in conductors and cables. Capex accelerated sharply with ₹510 Cr invested in capacity expansion. Robust domestic demand and premium mix helped sustain margins, while a Q4 US market rebound indicates improved overseas positioning.

3. Business Developments:

Conductor orders totaled ₹2,114 Cr in Q4, with a pending book of ₹7,163 Cr, and cable backlog at ₹1,690 Cr. US sales jumped sharply—cables +268.2%, conductors +142.6%—highlighting strong market traction. No key acquisitions or partnerships reported.

4. Market Position & Competitive Advantage:

The company benefits from scale and diversification across conductors, cables, specialty oils, and lubricants. It holds leadership in domestic markets with growing US export presence. Premium product focus and operational efficiencies support stable EBITDA/unit gains.

5. Investor Implications:

Strong revenue growth and domestic demand signal positive growth potential, supported by capex and order book. Margin pressure and flat annual PAT call for monitoring input costs and forex impact. Execution risks remain around premium mix expansion and global market fluctuations.