Q4 23 Concall keypoints
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The Company recorded a consolidated total income of Rs. 5,523 crores during the quarter and
Rs. 29,799 crores during the full year vis-a-vis corresponding period where the total income was
Rs. 4,304 cores for the quarter and Rs. 19,255 crores for the full year. This represents the growth
of 28% for the quarter and 55% on the full year -
Phosphatic fertilizer industry sales higher by 62% to 46.4mn mt as against 28.7mn mt in same period last year.
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Capacity utilization at +90% for complex fertilizers during FY23 which management is expecting to sustain in the coming year.
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10% yoy growth in volumes which is expected to sustain in FY24.
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Capex of 2000 cr planned in next 18-24 months from which 1000 cr is towards crop protection, looking for opportunities in CDMO and specialty chemicals, 700-800 cr towards fertlizers and 200-300cr towards maintenance.
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Company is planning this capex through internal accruals.
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Working towards greenfield expansions to achieve backward integration, debottlenecking of existing plants.
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