Earnings | Apar Industries Ltd. (NSE: APARINDS): Q4FY23 Results Out; Total Income rises 35% YoY.

Apar is a renowned Indian company that was established by Mr. Dharmsinh D. Desai in 1958. It has become a market leader in India and has a global presence. The company’s primary focus is on contributing to India’s process of electrification, and it started by manufacturing power transmission cables. Over the years, Apar has diversified its operations into three broad business segments, which include Conductors, Transformer and Specialty Oils (TSO), and Power/Telecom Cables. With a commitment to quality and innovation, Apar has become a trusted name in the industry and has contributed significantly to India’s growth in the power and energy sector.

• Apar Industries Ltd.reported Total Income for Q4 FY23 of ₹4,099 Crore up from ₹ 3,021 Crore year on year, a growth of 35%.
• Total Expenses for Q4 FY23 of ₹3,771 Crore up from ₹2,909 Crore year on year, a growth of 29%.
• Consolidated Net Profit of ₹243 Crore, up 196% from ₹82 Crore in the same quarter of the previous year. 
• The Earnings per Share is ₹63.43, up 193% from ₹ 21.59 in the same quarter of the previous year.