#APAR Industries Q3FY25 Results and Guidance Overview : 

Margin pressure || weak demand || PAT down  ⬇️

Financial Highlights:

🌟 Revenue Growth ⏫

📈 Q3 FY25: ₹4,716 crores (+17.7% YoY), with domestic growth at 31.8% YoY.

📊 Profitability ⏬

📉 EBITDA: ₹401 crores in Q3 FY25, declined by 7.1% YoY.

📊 EBITDA Margin ⏬
📉 Q3 FY25: 7.5 %, compared to 10.5% in Q3 FY24, reflecting competitive pressures and lower export demand.

📉 PAT: ₹175 crores in Q3 FY25, down by 19.7% YoY ⏬

🔍 Segmental Insights:

🔌 Conductors:
📊 Q3 EBITDA post forex: ₹179 crores, with margin of ₹29,593 per MT.

🌍 Exports declined (25% of mix vs. 40.2% YoY), but domestic growth offset the impact.

🛢️ Specialty Oils:
📉 EBITDA per KL post forex: ₹6,364 in Q3 FY25, down 18.3% YoY.

🔩 Cable Solutions:
📉 EBITDA margin in Q3 FY25: 9.6%, down by 200 basis points YoY.

✨ Positive Highlights:

📈 Strong domestic revenue growth (+31.8% YoY in Q3).

📋 Robust order book of ₹7,601 crores in the conductor segment.

🚚 Freight cost reductions expected to support margins in the coming quarters.

⚠️ Challenges:

📉 Overall EBITDA margin declined due to:

🌏 Unfavorable pricing pressure from China.

🌍 Weak demand in export markets (export mix declined to 33.5% in Q3 FY25 from 40.7% YoY).

🔮 Guidance and Outlook:

📈 Management remains optimistic about domestic growth, fueled by sustained infrastructure spending.

🌍 Export market recovery is anticipated as headwinds ease, improving margins.

🚚 Reduced freight costs may alleviate pressure on profitability.

🔧 Strong positioning in energy infrastructure and innovation-focused premium products to drive long-term growth.

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