- Consolidated operating income up 18% YoY to INR 5,676 million
- EBITDA grew 31% YoY to INR 641 million (11.29% margin)
- Net profit increased 35% YoY to INR 448 million (7.89% margin)
- Engineering division: Revenue +13% YoY, EBIT +26% YoY
- Chemical segment: Revenue +36% YoY, EBIT +36% YoY
- Consumer division: Revenue +9% YoY, Loss of INR 34 million
- Chemical plants operating at 65-70% capacity utilization
- Capacity expansion in chemical segment
- Focus on penetrating international markets for chemicals
- Consumer segment prioritizing scale over immediate profitability
- Roha chemical plant investment of INR 400 crores
- INR 125 crores allocated for new technology in Roha plant
- Engineering segment: 15-20% topline growth expected for FY25
- Chemical segment: 15% growth guidance maintained
- Engineering order book at INR 3,394 crores
- UP project residual value: INR 813 crores, significant execution expected in H2 FY25
- Roha plant expected to reach optimal capacity utilization in 3-4 years
- Asset turnover of over 2 times expected on INR 275 crores investment
- Positive government policies creating opportunities in water treatment sector
- Some legacy projects impacting engineering margins, expected to improve by Q4
- Chemical segment performing well with robust margins
- Engineering segment expecting improved execution in coming quarters
- Management change planned from October 2024
- Focus on international opportunities, especially in Middle East, Africa and Southeast Asia
| Subscribe To Our Free Newsletter |
