Q4 2024 Nirlon Ltd Earnings Call Transcript
Key Points
- Nirlon Ltd (BOM:500307) reported a total income of INR154 crores for Q4 FY24, reflecting a 4% year-on-year growth.
- EBITDA for Q4 FY24 stood at INR122 crores, showing a 5% year-on-year increase.
- The company's average occupancy rate was stable at 99.8% for Q4 FY24, with Nirlon Knowledge Park being 100% occupied.
- Profit after tax for the full financial year 2024 was INR206 crores, marking a 30% year-on-year growth.
- The board proposed a final dividend of INR11.00 per share for FY24, in addition to an interim dividend of INR15 per share paid in Q4 FY24.
- Profit after tax for Q4 FY24 declined by 1.7% quarter-on-quarter.
- The company decided to stay with the old tax regime due to accumulated MAT credit, potentially missing out on benefits from the new tax regime.
- There are ongoing discussions about potential restructuring, but no concrete decisions have been made, causing uncertainty.
- The valuation of the company as of March 31, 2024, was INR4,500 crores, which some analysts believe is undervalued compared to market estimates.
- There is no significant growth plan or additional CapEx for the next few years, focusing mainly on maintaining current assets.
Ladies and gentlemen, good day and welcome to Q4 FY24 Conference Call of Nirlon Limited. (Operator Instructions)
I now hand over the conference to Ms. Purvangi Jain from Valorem Advisors. Thank you, and over to you ma'am.
Good morning everyone. My name is Purvangi Jain from Valorem Advisors. We represent the Investor Relations for Nirlon Limited. On behalf of the company, I would like to thank you all for participating in the company's earnings call for the fourth quarter and the financial Year 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 belief as well as assumptions made by and information currently available to the management. Audiences are cautioned not to place any undue reliance on these forward-looking
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