My notes from Q4FY23 concall:
1. ASP – 133 per mm
2. Q4 volumes were 8% higher YoY, but prices were 1% lower.
3. SG-4 started with full expenses but little revenue.
4. Domestic manufature to rise 3x current capacity in next 2-3 years.
5. Capacity is now 1000 TPD.
6. German plant is 300 TPD, operating at 90% capacity. Furnance was down and now backlive on 8th may with 350 TPD capacity with furnance good for next 5 years.
7. capex FY24 – only routine maintenance capex.
8. Taking pause from adding another 1100 TPD.
9. Import prices – 110-115 per mm.
10. exports are 25% of volume.
11. full capacity – 1800-1900 crores sales on 1350 TPD.
12. Expected margins in Germany – 10-15% margins.
13. Margin guidance – 20-25% (standalone), ~20% (console)
14. Asset turn at European plant much higher due to higher prices. Can generate 500 crores of sales.
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