Q4 2024 Century Enka Ltd Earnings Call Transcript
Key Points
- EBITDA for Q4 FY24 grew by almost 49% year on year, reaching INR34 crore.
- Profit after tax for Q4 FY24 increased by 40% year on year to INR20 crore.
- The company completed all major CapEx projects, including the spinning capacity of polyester yarn for PTCF.
- The demand for two-wheeler tyres in India is improving.
- The company is focusing on increasing the share of value-added products in its portfolio to improve competitiveness and profitability.
- Overall demand for NTCF shows slight improvement but growth remains muted.
- Commercial vehicle tyre demand remains flat, and tractor tyre demand is declining due to subpar monsoon.
- Overcapacity in China is leading to dumping into India, impacting demand and margins.
- Operating revenue for FY24 decreased by almost 16% year on year.
- EBITDA for FY24 declined by around 42% year on year, and profit after tax decreased by around 53% year on year.
Ladies and gentlemen, good day, and welcome to the Q4 and FY23 conference call of Century Enka Limited. (Operator Instructions)
I now hand the conference over to Ms. Purvangi Jain from Valorem Advisors. Thank you, and over to you, ma'am.
Good afternoon, everyone, and a warm welcome to you all. My name is Purvangi Jain from Valorem Advisors. Be represent the Investor Relations of Century Enka Limited. On behalf of the company, I would like to thank you all for participating in the company's fourth quarter of FY24 earnings conference call.
Before we begin, let me mention a short cautionary statement. Some of the statements made in today's con 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 the management. Audiences are cautioned not to
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
