Driven by strong global demand, Apar Industries saw a 25 per cent year-on-year growth in transformer oil volume in Q2FY25.
In an investor update, Apar Industries said that while transformer oil volume growth in Q2FY25 was 25 per cent, an equally impressive performance was recorded in H1 (April to September) of FY25, where transformer oil volume was up 22.7 per cent.
Here are some performance highlights across other business verticals:
Conductors
- Volume growth in Q2FY25 was flat due to lower exports volume.
- Export mix in Q2FY25 was 18.7 per cent as against 48.3 per cent in Q2FY24. Lower export mix was on account of increased competition from China, slow demand as well as delay in lifting of material in certain overseas projects.
- Premium product mix was 42.2 per cent (in revenue terms) in Q2FY25 and 39.9 per cent in H1FY25. Premium products cover HEC (high-efficiency conductor), copper conductor, optical ground wire (OPGW), and ACCC (aluminium conductor composite core) conductors that are manufactured in partnership with US-based CTC Global.
- New order inflow was Rs.2,234 crore in Q2FY25, while outstanding order book as of September 30, 2024, was Rs.6,615 crore.
Cables
- Export mix was 29 per cent in Q2FY25 as against 44.5 per cent in Q2FY24. However, this was offset by better performance in the domestic market.
- In Q2FY25, domestic revenue grew 77.8 per cent year-on-year. Domestic business continues to outperform on the back of strong growth in domestic demand driven by favourable tailwinds.
- Pending order book, as of September 30, 2024, was Rs.1,783 crore.
Also read: Apar Industries: Conductor sales up 6.7 per cent in Q1FY25
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