- Q1 FY25 dispatches crossed 1 lakh ton for the first time
- Year-on-year growth of 17% in volume and 27% in profit
- Total operating income (standalone) of 904 crores in Q1 FY25 vs 846 crores in Q1 FY24
- EBITDA of 79.65 crores in Q1 FY25 vs 70.87 crores in Q1 FY24
- 17% year-on-year revenue growth
- EBITDA margin of 8.8% in Q1 FY25
- EBITDA per ton of Rs 8,350 in Q1 FY25 vs Rs 7,800 in Q1 FY24
- Value-added products contribute 57-58% of revenue
- Capacity utilization: Infrastructure 70-80%, Automobile tubes 80-85%, Solar 50-55%
- Expanding into defense sector with 155 mm gun shell production
- Commissioning new auto tube plant
- Focus on value-added products and sustainability
- Strong domestic demand in India
- Government focus on infrastructure spending
- Increasing demand in defense sector
- Logistics challenges in exports
- Price pressures
- New auto tube plant with 50,000 ton capacity commissioned
- Defense plant for 155 mm gun shells (1.5 lakh shells per annum) to be commissioned by March 2025
- Logistics challenges, container shortage
- Expected revenue of 4100 crores in FY25 and 4800 crores in FY26
- Auto tube plant expected to contribute 250 crores in FY25 and 500 crores in FY26
- Healthy order book reported
- Aiming for 15-20% growth
- 200 crore investment in auto tube plant
- 200 crore investment in defense plant
- Defense sector growth
- Infrastructure development
- China Plus One strategy benefiting Indian manufacturing
- Q: Impact of elections on business? A: There were some disruptions, but overall demand remained strong. Logistics issues affected exports.
- Q: Current total borrowing and future debt expectations? A: Total borrowing is 608 crores. May need more funds as production increases, but will try to manage within available means.
- Q: Value-added product contribution? A: 57-58% of revenue, with 17% year-over-year growth.
- Q: Auto tube plant details? A: Commissioning by September 1st. Expected revenue of 250 crores in FY25 and 500 crores in FY26.
- Q: Defense business details? A: Initially focusing on 155 mm shells. Capacity of 1.5 lakh shells per annum. Expected revenue of up to 300 crores.
- Q: EBITDA per ton? A: Around Rs. 8,350 per ton in Q1 FY25.
- Q: Timeline for becoming a billion-dollar revenue company? A: Target may be achieved by FY28 instead of FY27.
- Q: Capacity of new auto tube plant? A: 50,000 tons, increasing total capacity to around 4,50,000 tons.
- Q: Traction in solar fixtures and tubes? A: Good growth reported, but specific numbers not provided.
- Q: China Plus One impact? A: Positive impact on Indian manufacturing and infrastructure development.
- Q: Defense product range and competition? A: Initially focusing on shells. Competitors include government facilities and Baba Kalyani group.
- Q: Qualification requirements for defense production? A: Arms Act License required, application in process.
- Q: Export potential for defense products? A: Will supply to authorized exporters who will handle overseas sales as per government policy.
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