Concall notes. Concall happened from 5:30 pm to 6:30 pm.
- Monthly volume of 120 M ton this month and for the rest of the year, next year 150 and next to that 250
2.18000 cr revenue with 2-2.5% by fy27 guidance is maintained - 330 Mton volume in Q1FY25 (yes Q1)
- Now comes the margin part:
Inventory loss was there in Q2 due to volatile steel price. Inventory day was around 8 days. Steel price there was a very sharp fall of 15% in 3 months… It has eroded 1% margin. There were 6 time price corrections happened in 3 months. This type of sharp fall is a once in a decade situation. Last time this much steel price fall seen was in 2007-8 period. Inspite of having 8 days of inventory days their margins suffered. Any other inefficient player would have reported loss.
6. 6500 cr guidance for fy25. This is reduced due to steel price going down. So based on steel price they give guidance. It was 7-8000 cr in earlier concall based on steel price at that time. Volume guidance is maintained.
7. In Bharat conference call was done 28th September they mentioned they will maintain margin 2-2.5 % margin for full year. no quarterly margin guidance was given
8. No transaction with sg finserv as of now.
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