Apar Industries Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2022
November 03, 2022 at 04:21 am EDT
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Apar Industries Limited reported earnings results for the second quarter and six months ended September 30, 2022. For the second quarter, the company reported sales was INR 32,158 million compared to INR 22,624 million a year ago. Revenue was INR 32,471 million compared to INR 22,737.7 million a year ago. Net income was INR 1,026.3 million compared to INR 568.9 million a year ago. Basic earnings per share from continuing operations was INR 26.82 compared to INR 14.86 a year ago.
For the six months, sales was INR 62,992.1 million compared to INR 40,654.6 million a year ago. Revenue was INR 63,448.1 million compared to INR 40,955.2 million a year ago. Net income was INR 2,250.9 million compared to INR 1,191.8 million a year ago. Basic earnings per share from continuing operations was INR 58.82 compared to INR 31.14 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 
