Q1 2025 Balkrishna Industries Ltd Earnings Call Transcript
Key Points
- Balkrishna Industries Ltd (BOM:502355) reported a 24% year-on-year growth in sales volume for Q1 FY25.
- The company's stand-alone revenue for the quarter stood at INR2,741 crores, registering a growth of 30% year-on-year.
- Stand-alone EBITDA for the quarter was INR714 crores, showing a growth of 47% year-on-year, with a margin of 26.04%.
- Profit after tax for the quarter was recorded at INR477 crores, a growth of 53% year-on-year.
- The company has continued to extend its power requirements through renewable energy, with five megawatts of wind power and seven megawatts of solar power operational across its plants.
- Despite strong Q1 performance, the company is facing macro challenges such as recessionary fears in the USA, geopolitical tensions, and inflationary raw material costs.
- Freight costs are expected to increase in the coming quarters, impacting overall expenses.
- Commodity prices are also rising, with an anticipated 2% to 3% increase in raw material costs.
- The company has not been able to take any price hikes to offset increased costs due to weak market demand.
- Channel inventory is increasing, indicating a potential slowdown in demand for the remainder of the year.
Ladies and gentlemen, good day, and welcome to the Balkrishna Industries Limited Q1 FY25 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 risks and uncertainties that are difficult to predict.
As a reminder, all participant lines will be in listen-only mode and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call, please signal an operator by pressing star, then zero on your touchtone phone. Please note that this conference is being recorded. I now hand the conference over to Mr. Rajiv Poddar, Joint Managing Director. Thank you, and over to you, sir.
Thank you, Sejal. Good morning, and thank you, everyone, for joining us today. Along with me, I have Mr.
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