Q4 2024 Maharashtra Seamless Ltd Earnings Call Transcript
Key Points
- Achieved highest ever EBITDA, profit after tax, EPS, and margins in FY24.
- EBITDA increased by 18% to INR1,223 crores, PAT increased by 23% to INR975 crores, and EPS increased by 23% to INR73 per share.
- Treasury level almost doubled to INR1,859 crores, even after large utilizations towards prepayment of debt and dividend.
- Included in various NSE indices, increasing FII and DII holding to 16% from 7%.
- No ICDs to unrelated parties or corporate guarantees outstanding as of 31 March '24, resolving a major concern.
- Revenue declined by 4% in FY24.
- Performance in terms of tonnage, revenue, and profitability was lower in Q4 FY24 versus Q3 FY24 due to a delayed large order.
- Lower production in Q4 FY24 led to lower revenue and profit.
- Exports were only 5% to 6% of total dispatches in FY24 and have not yet revived.
- Preventive maintenance shutdown in Q1 FY25 expected to lead to a loss of production of at least 15,000 tons.
Ladies and gentlemen, welcome to Q4 FY24 earnings conference call of Maharashtra Seamless Limited, hosted by PhillipCapital India Private Limited. (Operator instructions)
Please note that this conference is being recorded. I would now like to hand the conference over to Mr. Vikash Singh from PhillipCapital India. Thank you and over to you, sir.
Thank you, Manav. A warm welcome to everybody on Maharashtra Seamless Q4 FY24 con call. From the management side, we have with us today, Mr. Kaushal Bengani, Deputy General Manager, Investor Relations and Finance. Without taking any much time, I'll give the call to Kaushal for his opening remarks. Over to you, Kaushal.
Thank you, Vikash. Good afternoon, and thank you, shareholders, for joining our earnings call. In FY24, we have achieved highest ever EBITDA, highest profit after tax, highest EPS, and highest margins. This performance
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