Q4 2024 Talbros Automotive Components Ltd Earnings Call Transcript
Key Points
- Talbros Automotive Components Ltd (BOM:505160) achieved a revenue of INR1,258 crores in FY24, marking a 21% year-on-year growth.
- The company received significant orders worth INR1,000 crores from a new OEM in Europe, which will commence by Q4 of this year.
- EBITDA for FY24 stood at INR127 crores, a growth of 36% year-on-year, with an EBITDA margin of 16.1%.
- The Gasket division demonstrated strong performance with revenues of INR502 crores in FY24, a 20% growth year-on-year.
- Talbros Automotive Components Ltd (BOM:505160) is focusing on increasing exports from 25% to 35% in the next three years, leveraging strong order inflows from leading OEMs.
- The company's joint venture, Talbros Marugo Rubber Private Limited, saw a decline in EBITDA for Q4 FY24 by 34% due to shifting issues.
- Capacity utilization in the forgings division is around 82% to 85%, indicating a need for capacity enhancement soon.
- The company faces challenges with raw material price increases, which may impact margins if not mitigated effectively.
- There was a one-off increase in other expenses due to air freight costs related to the Red Sea issue, impacting the forgings division.
- Despite strong growth, the company’s margins in the Marelli Talbros Chassis System Private Limited business are currently hovering around 13% to 14%, with expectations to reach 15% in the next two years.
Ladies and gentlemen, good day, and welcome to Talbros Automotive Components Limited Q4 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 guarantees of future performance and involve risks 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. Anuj Talwar, Joint Managing Director of Talbros Automotive Components Limited. Thank you, and over to you, Mr. Talwar.
Thank you. Good afternoon, everyone, and a very warm welcome to our Q4 and FY24 earnings calls. On the call today, I'm joined by Mr. Navin Juneja, our Director and Group CFO; and SGA, our IR Advisory from Mumbai. The results and the presentation are uploaded on the stock exchange and the company
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