Q1 2025 Sagar Cements Ltd Earnings Call Transcript
Key Points
- Revenue for the quarter increased by 4% to INR561 crores compared to INR540 crores in Q1 FY24.
- EBITDA for the quarter rose to INR47 crores from INR31 crores in Q1 FY24, with margins improving from 6% to 8%.
- Operational efficiencies and a higher share of renewable power are expected to improve profitability and margins in the coming years.
- The company is progressing well with its expansion plan in the Andhra Cements Limited unit.
- Board approval for setting up 6-megawatt solar power plants at Gudipadu and Dachepalli aligns with the company's ESG roadmap.
- Q1 was marked by muted demand and realizations, leading to lower volume offtake.
- Loss after tax stood at INR32 crores for the quarter, though it was an improvement from a loss of INR42 crores in Q1 FY24.
- Prices remained largely benign across key markets due to subdued demand and heightened competitive intensity.
- The company expects Q2 to be as challenging as Q1, impacting overall performance.
- Gross debt as of June 30, 2024, stood at INR1,462 crores, with a significant portion being long-term debt.
Good morning, ladies and gentlemen. I welcome you all to 1Q FY25 results conference call of Sagar Cements Limited. We have with us from the management, Mr. Sreekanth Reddy, Joint Managing Director; Mr. K. Prasad, CFO: Mr. Raja Reddy, Company Secretary; and Mr. Rajesh Singh, the Chief Marketing Officer.
We will start today's session by opening remarks from the management and then will be followed by a Q&A. I would now request Gavin Desa of CDR to please give his opening remarks, and then we move on to the management remarks.
Thanks, Gavin. Over to you, Gavin.
Thank you, Manish. Thank you, Manish, for the introduction. In addition, I would just like to point out that some of the statements made in today's discussions may be forward-looking in nature, and a note of this effect has been shared in the call invite sent to you earlier along with -- we've also said the presentation and other documents, real documents.
I would now request Mr. Sreekanth Reddy to make some opening remarks. Over to
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