Q4 2024 CG Power and Industrial Solutions Ltd Earnings Call Transcript
Key Points
- Q4 FY24 sales grew year-on-year by 17%, and PBT grew by 25%.
- For FY23-24, sales grew by 16% year-on-year, and PBT grew by 24%.
- Unexecuted order book as of March 31, 2024, was 45% higher year-on-year at INR6,276 crores.
- India Ratings upgraded the company's long-term credit rating from AA/stable to AA+/stable.
- The company declared and paid an interim dividend of INR199 crores, INR1.3 per share in March 2024.
- Pricing pressure in the low tension motor business due to increased competition.
- Margins in the Industrial Division were lower year-on-year due to intense competition.
- Copper prices have increased significantly, impacting cost structures.
- The semiconductor project will take at least four years to start contributing to revenue.
- The consumer product portfolio underperformed, with marginal growth or decline.
Ladies and gentlemen, good day, and welcome to Q4 FY24 earnings conference call of CG Power and Industrial Solutions Limited hosted by IIFL Security Limited. (Operator Instructions) Please note that this conference is being recorded, and I now hand the conference over to Ms. Renu Baid Pugalia from IIFL Securities Limited. Thank you, and over to you, ma'am.
Thank you. Good evening, ladies and gentlemen. On behalf of IIFL Securities, I would like to welcome you all to the Q4 FY24 earnings conference call of CG Power and Industrial Solutions. Today from the management we have with us Mr. N. Srinivasan, Managing Director; Mr. Susheel Todi, Chief Financial Officer; Mr. Ramesh Kumar, President, Industrial Division; Mr. Mukul Srivastava, President, Power Systems; Mr. Ajay Jain, Vice President, Transformer Division; and Mr. Chidambaram Balakrishnan, Vice President, Railway Division. Without taking much time. I now hand over the call to Mr. N. Srinivasan for his opening comments, after which we can start the Q&A. Thank you
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