**Valiant Organics – Q1 2024 Transcript of Earnings Call Notes. Things have slowed down for them **
Extremely volatile and challenging Qtr
Revenue from operations declined by around 24% YoY
EBITDA was reported at INR 24 crores, which was declined by around 25%
The net profit reported was around INR 15 crore which declined by about 12% YoY.
Sluggishness in the sales of dyes and pigments
Renewable plant benefits to start from Q2 2024
China is also dumping their excess products
Expecting the year to be difficult
Expecting around 5-10% of degrowth in this year
Revenue Guidance reduced from 1200cr – 800 cr
Capex just pushed it for a quarter or so
Q2 FY24 seems to be on a low-demand side
degrowth in volume is around 14-15% and somewhere around 10% is the price
Land sold to subsidiary company for expansion
we don’t see any employee costs going down
| Subscribe To Our Free Newsletter |
