Q4 2024 Shaily Engineering Plastics Ltd Earnings Call Transcript
Key Points
- Shaily Engineering Plastics Ltd (BOM:501423) reported a 27% year-on-year growth in revenue for Q4 FY24, reaching INR 171 crores.
- EBITDA for Q4 FY24 increased by 37% year-on-year to INR 36.3 crores, with an EBITDA margin of 21.3%.
- PAT for Q4 FY24 saw a significant increase of 95% year-on-year, reaching INR 19.3 crores.
- The company has received confirmed business orders from three customers in the Healthcare division, indicating strong future growth potential.
- Shaily Engineering Plastics Ltd (BOM:501423) is expanding its reach to the global market through Shaily in the UK and is developing advanced drug delivery solutions with electronics.
- The consumer segment, which forms a major part of the company's revenue, saw a degrowth of 4% year-on-year due to lower toy sales and raw material pass-through.
- Machine utilization remained low at around 40% for both Q4 FY24 and FY24, indicating underutilized capacity.
- Despite improvements, the carbon steel business has not yet broken even at the EBITDA level.
- The company faces challenges in scaling up its base business, with expected growth rates of only 12% to 15%.
- There are uncertainties regarding the approval timelines for key products like injection pens in regulated markets, which could impact future revenue.
Ladies and gentlemen, good day, and welcome to Shaily Engineering Plastics Limited Q4 and FY24 earnings conference call. This conference call may contain forward-looking statements about the company which are based on the beliefs, opinions and expectations of the company as on date of this call. These statements are not the guarantee of future performance and involve risk and uncertainties that are difficult to predict.
(Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Mr. Amit Sanghvi, Managing Director of Shaily Engineering Plastics Limited. Thank you, and over to you, sir.
Thank you very much. Good evening and a very warm welcome to all the participants to the post results investor call of Shaily Engineering Plastics. I have with me Mr. Sanjay Shah, Chief Strategy Officer, and SGA, our Investor Relation advisers.
I hope you've had a look at our investor presentation that is uploaded on
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