Apar Industries shares tank 20% on disappointing December quarter results

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Apar Industries shares tank 20% on disappointing December quarter results - Business Standard

Quick Summary:

Earnings before interest, tax, depreciation and amortisation (Ebitda) margin contracted 230 bps to 8.5 per cent in Q3FY25, against 10.8 per cent in Q3FY24.

In other power cables, its share is in double digits. The oils & lubricants segment, meanwhile, shall continue to grow at mid-single digits, the brokerage firm said.

The company has approximately 50 per cent share in High Temperature Low Sag (HTLS) conductors (ACCC) used for re-conductoring.