Apar Industries Limited Announces Unaudited Consolidated and Standalone Earnings Results for the Third Quarter and Nine Months Ended December 31, 2017
January 29, 2018 at 08:10 pm IST
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Apar Industries Limited announced unaudited consolidated and standalone earnings results for the third quarter and nine months ended December 31, 2017. For the quarter, on consolidated basis, the company reported total operating income was INR 14,989 million compared with INR 12,623 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 975 million compared with INR 1,067 million a year ago. EBITDA was INR 1,009 million compared with INR 1,088 million a year ago. EBIT was INR 869 million compared with INR 974 million a year ago. Profit before tax was INR 613 million compared with INR 664 million a year ago. Net profit was INR 395 million compared with INR 434 million a year a year ago. Net Profit after taxes, minority interest was INR 395 million compared with INR 434 million a year ago.
For the nine months, on consolidated basis, the company reported total operating income was INR 41,712 million compared with INR 38,695 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 2,817 million compared with INR 3,186 million a year ago. EBITDA was INR 2,901 million compared with INR 3,290 million a year ago. EBIT was INR 2,490 million compared with INR 2,973 million a year ago. Profit before tax was INR 1,627 million compared with INR 2,067 million a year ago. Net profit was INR 1,047 million compared with INR 1,359 million a year a year ago. Net Profit after taxes, minority interest was INR 1,047 million compared with INR 1,365 million a year ago.
For the quarter, on standalone basis, the company reported revenue from operations (gross of excise duty) of INR 14,079.4 million against INR 12,470.1 million a year ago. Profit before tax was INR 628.4 million against INR 660.7 million a year ago. Profit for the period was INR 410.8 million or INR 10.73 basic and diluted per share before and after extraordinary items against INR 432.9 million or INR 11.25 basic and diluted per share before and after extraordinary items a year ago.
For the nine months, on standalone basis, the company reported revenue from operations (gross of excise duty) of INR 39,405.4 million against INR 38,223 million a year ago. Profit before tax was INR 1,660 million against INR 2,050.3 million a year ago. Profit for the period was INR 1,085.2 million or INR 28.36 basic and diluted per share before and after extraordinary items against INR 1,345.6 million or INR 34.95 basic and diluted per share before and after extraordinary items 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.