With 19% of the total revenue for FY21 contributing to the cable business, Apar Industries maintained a good growth trajectory— specifically with a 21.2% YoY revenue gain from OFC/telecom cables and exports.
June 3, 2021
Apar Industries has reported consolidated revenue of Rs. 6405 crores during the 12-months period ending on March 31, 2021. The Cable Division of the company contributed 19% of the total revenue at Rs. 1270 crores (down 20.7% YoY) for FY21.
Apar Industries’ cable division export contributed 20% to revenue in FY21, up from 17.2% in FY20. Notably, during this period, the OFC/telecom cables revenue rose to 21.2% YoY.
Apar Industries’ consolidated PAT rose to 18.8% YoY at Rs. 161 crores — while EBITDA stood at Rs. 422 crores for FY2021. With consolidated revenue of Rs. 6405 crores —Apar contributed 41% of export of total revenue for FY2021.
The power cable segment continues to be highly competitive for the industry. Also, the elasto/ebeam cable business was also affected due to reduced off-take in the solar, wind, railways and defence sector. However, with a strong PAT, Apar Industries has been able to deliver resilient performance despite multiple waves of COVID-19 hitting plant operations, logistics and both domestic and global demand.
Shifting its focus towards development — the company also installed a 2.5 MeV machine, which was commissioned by an in-house team. Apar Industries plans to focus on increased exports and new business (MVCC, automotive cable, harnesses, pressure tight cable, 66kV cables etc.) for FY22.
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Apar is one of the world’s largest manufacturers of specialized cables and is a top-ranked cable provider for domestic renewables with a 60% share in the wind sector. It is also the first Indian player to create guidance OFC for torpedoes & tether cables for surveillance systems. The Company has also set up India’s most advanced E-beam facility and is known for manufacturing CATV/broadband fibre optic cables etc.
