Q4 2024 Ion Exchange (India) Ltd Earnings Call Transcript
Key Points
- Ion Exchange (India) Ltd (BOM:500214) reported a 21% year-on-year increase in operating income for Q4, reaching INR7,818 million.
- The company saw a 41% quarter-on-quarter increase in operating income.
- Net profit for Q4 increased by 54% quarter-on-quarter to INR725 million.
- The Chemical segment recorded a 21% year-on-year increase in revenue for Q4.
- The company successfully completed the merger process with two of its Indian subsidiaries, enhancing operational efficiency.
- EBITDA for Q4 decreased by 13% year-on-year, despite a 31% quarter-on-quarter increase.
- Net profit for Q4 decreased by 11% year-on-year.
- The Engineering segment experienced slower-than-expected execution, partly due to election-related delays in a significant UP contract.
- The Consumer division reported a loss of INR28 million for Q4, higher than the INR7 million loss in the same quarter of the previous year.
- The company's receivables increased from 120 to 145 days, attributed to a high volume of March billings.
Ladies and gentlemen, good day, and welcome to the Ion Exchange India Limited's Q4 and FY24 earnings conference call. (Operator Instructions) I now hand the conference over to Mr. Anuj Sonpal from Valorem Advisors. Thank you. And over to you, sir.
Thank you. Good afternoon, everyone, and a very warm welcome to you all. My name is Anuj Sonpal from Valorem Advisors. We represent the Investor Relations of Ion Exchange India Limited. On behalf of the company, I would like to thank you all for participating in the earnings call for the fourth-quarter and financial-year ending 2024.
Before we begin, let me mention a short cautionary statement. Some of the statements made in today's earnings call may be forward-looking in nature. Such forward-looking statements are subject to risks and uncertainties, which could cause actual results to differ from those anticipated. Such statements are based on management's beliefs as well as assumptions made by and information currently available to management.
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