Q1 2025 Ion Exchange (India) Ltd Earnings Call Transcript
Key Points
- Ion Exchange (India) Ltd (BOM:500214) reported a consolidated operating income of INR5,676 million for Q1 FY25, marking an 18% year-on-year increase.
- The company's EBITDA for the quarter was INR641 million, representing a 31% year-on-year increase, with an EBITDA margin of 11.29%.
- Net profit for the quarter stood at INR448 million, a 35% year-on-year increase, with a PAT margin of 7.89%.
- The Chemical segment saw a revenue increase of 36% year-on-year, with EBIT also increasing by 36% year-on-year.
- The company is optimistic about future growth, with a robust domestic enquiry bank and expectations of finalizing large value opportunities in the coming months.
- The Consumer division reported a loss of INR34 million for the quarter, compared to a loss of INR15 million in the same period of the previous year.
- The UP contract execution faced delays due to elections and related cash flow issues, impacting the overall execution pace.
- The legacy project continues to affect the overall engineering margins, with its adverse impact expected to continue into the next quarter.
- The company is not immediately focusing on achieving EBITDA positivity for the Consumer segment, instead prioritizing reinvestment into growth, which may delay profitability.
- The Sri Lankan project execution remains muted due to funding issues, with only small portions invoiced in recent months.
Ladies and gentlemen, good day, and welcome to the Ion Exchange India Limited Q1 FY25 earnings conference call. (Operator Instructions)
I now hand the conference over to Mr. Anuj Sonpal from Valorem Advisors. And over to you, Mr. Sonpal.
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 and Valorem Advisors, I would like to thank you all for participating in the company's earnings conference call for the first quarter of financial year 2025.
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 managementâs beliefs as well as assumptions made by and information currently
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