Q3 2024 Talbros Automotive Components Ltd Earnings Call Transcript
Key Points
- Talbros Automotive Components Ltd (BOM:505160) reported a 40% increase in EBITDA to INR33 crores and a 66% growth in net profit to INR23 crores for Q3 FY '24.
- Revenue from operations grew by 22% to INR576 crores for the nine months of FY '24.
- The company secured orders worth INR980 crores across various product segments, with 40% of the order book dedicated to EVs.
- The forging division saw a revenue growth of 27% in Q3 FY '24 and a 49% increase in EBITDA for the nine months of FY '24.
- Talbros Automotive Components Ltd (BOM:505160) is expanding its presence in the EV spectrum and hybrid vehicles, with significant orders from both domestic and export markets.
- The company divested its 40% ownership interest in its joint venture entity, Nippon Leakless Talbros, due to flat growth in the business.
- Commercial vehicle volumes are expected to be relatively flat in the next year, which could impact growth.
- The company faces risks and uncertainties related to commodity price fluctuations, which could affect profitability.
- There is a potential for increased working capital requirements due to the growing share of exports and the forging business.
- The company’s growth projections are subject to the successful execution of new orders and market conditions, which may not always be predictable.
Ladies and gentlemen, good day, and welcome to Talbros automotive content Limited Q3 FY 24 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 guarantees of future performance and involve risks and uncertainties that are difficult to predict.
(Operator Instructions) Please note that this conference is being recorded, and I now hand the conference over to Mr. Anuj Talwar, Joint Managing Director of Talbros automotive competence Limited. Thank you, and over to you, sir.
Yes, thank you so much. Very good afternoon, everyone, and a very warm welcome to our Q3 earnings calls. On the call today, I'm joined by Mr. Navin Juneja, our Director and Group CFO, SGA, our Investor Relations advisers. The results and the presentation are uploaded on the stock exchange and company website.
| 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
