Q1 FY2025 Concall Highlights:
Opening Remarks:
Revenue Growth 12% YoY.
PAT Growth 67% YoY.
Company continue to add value.
This year may be best ever. Will be 3 years in row.
EBIDTA to sales also moving up.
Debt is increased to lock in raw material prices, which are favorable.
11lac crores for infrastructure by govt. is music for us.
#Jindal Hunting Energy Services Limited:
In First quarter it self, capacity utilization is 85%. Profitable in Q1 it self.
Joint Venture may have some announcement, because order book is full for rest of the year and all boxes are ticked.
Oil Country Tubular Goods (OCTG) company wants to make India Atma Nirbhar.
# Sathavahana Ispat Limited:
Profitable. De-bottlenecking will increase capacity by 10 to 20% at least.
Creating special niche for small diameter which have high demand and high value.
Orderbook:
Oil & Gas is 30 to 35%. Water is 70%. Others is 5%.
UAE is only water facility, DI facility. Supply not only to middle east, all over world in 33 countries.
1.6 billion Dollars. 16 lac tons.
Saw pipe demand not squished. More then 5 lac Ton order for large diameter pipe.
Govt. of India come up with balance scheme, where state has to bring contribution. That makes projects are on track.
Export:
Export is 70%, which is sweet spot. Water pipes mostly in middle east. Oil and Gas is all over world.
CAPEX:
No plans yet. Conserving money.
Conclusion:
Many questions were not answered due to confidentiality and coemption etc.
Value addition projects are going on.
Valuations are lucrative at 12 PE.
As per management, FY2025 will be again best ever.
Financial Highlights:
D: Invested
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