Mayur Uniquoters –
Q1 FY25 results and concall highlights –
Revenues – 213 vs 201 cr, up 6 pc
EBITDA – 48 vs 39 cr, up 28 pc ( margins @ 23 vs 20 pc )
PAT – 37 vs 31 cr, up 22 pc ( Q1 saw higher tax rate vs last FY )
Company expects their export OEM sales to be buoyant this yr and in next 2 FY’s as well
In light of increased business prospects from US based OEMs, company is looking to acquire industrial land to set up manufacturing and warehousing facilities in Mexico. Total planned capex for the Mexico expansion should be around 200 cr. Company is looking to set up a 60 lakh mtrs capacity in Mexico. But company will take the final decision only after the US elections are over by end of this calendar year
Export : Domestic sales for Q1 stood at 32:68
Total volumes in Q1 stood at 71.3 vs 70.4 lakh mtr YoY
Capacity utilisation of the PU plant is currently low @ 20 pc. Working with a lot of foreign brands to introduce company’s PU material for their leather goods and footwear. Hopeful of good order breakthroughs inside next 1 yr
Company is looking to clock 15 pc kind of topline growth for current FY
Company’s Marnie business is showing steady improvement. However the base there is small at present
Disc: hold a small tracking position, biased, not SEBI registered
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