Q1 2025 Kirloskar Ferrous Industries Ltd Earnings Call Transcript
Key Points
- Successful merger of ISMT into Kirloskar Ferrous Industries Ltd completed within three years.
- Achieved a 4% growth in top-line revenue compared to the previous year's first quarter.
- Commissioned 35 megawatts of a planned 70-megawatt solar power plant, with full commissioning expected by October.
- Plans to increase solar power capacity to 100 megawatts by the end of the financial year, aiding in decarbonization and reducing power costs.
- Strong customer interest and support in the casting business, with plans to ramp up production and expand capacity.
- Market conditions in the steel and tube business were subdued, impacting overall performance.
- ERP system implementation caused some disruptions in sales and dispatches.
- Margins in the iron and steel industry remain under pressure.
- Slow ramp-up in various segments compared to expectations, particularly in the seamless tube segment.
- Challenges in the export market due to dumping from China, affecting margins and volumes.
Ladies and gentlemen, good day, and welcome to the Kirloskar Ferrous Industries Ltd Q1 FY25 earnings conference call. Hosted by Antique Stock Broking. (Operators instructions)
Please note that this conference is being recorded. I now hand the conference over to Mr. Pallav Agarwal from Antique Stock Broking. Thank you. And over to you Mr. Pallav.
Yeah. Thank you, Liya, and good morning, everyone, and thank you for joining us on a Saturday morning for the Kirloskar Ferrous first quarter results call. We have the senior management with us today are represented by Mr. Gumaste, the Managing Director and Mr. Srivatsan, ED Finance and the CFO.
So now I would like to hand over to Mr. Gumaste for the opening comments. Over to you, sir.
Yeah. Thank you very much, Pallav, and I would like to start with thanking everyone for joining on Saturday morning though it's a
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