Q1 2025 Elecon Engineering Company Ltd Earnings Call Transcript
Key Points
- Elecon Engineering Co Ltd (BOM:505700) reported a significant 18% year-on-year growth in overseas revenue for Q1 FY25, now contributing 34% to the overall consolidated revenues.
- The company has established a robust distribution network across 85+ countries, enhancing its global presence.
- The MHE division achieved a remarkable 192% year-on-year growth in order inflows, indicating strong performance and future order wins.
- Elecon Engineering Co Ltd (BOM:505700) has a comprehensive product portfolio, allowing it to cater to a wide spectrum of customer needs and preferences.
- The company is committed to sustainability, prioritizing the transition to renewable energy sources and emphasizing employee welfare and safety.
- Consolidated revenue from operations for Q1 FY25 stood at INR392 crore, a degrowth of 5% compared to the same quarter last year.
- The Gear division saw a decline in revenue to INR334 crore from INR361 crore in Q1 FY24, primarily due to slower order inflows influenced by general elections.
- EBITDA for Q1 FY25 decreased to INR92 crore from INR100 crore in Q1 FY24, with the EBITDA margin also showing a decline.
- Order intake for Q1 FY25 was down by 11% year-on-year, indicating a slowdown in new business acquisition.
- The company faces challenges in the international market, with its brand not yet well-established in regions like Europe and America.
Ladies and gentlemen, good day, and welcome to the Q1 FY 2025 earnings conference call of Elecon Engineering Company Limited hosted by Asian markets. This conference call may contain forward-looking statements about the company, which are based on the beliefs, opinions and expectations of the as on the date of this call. These statements do not guarantee the future performance of the company, and it may involve risks, uncertainties that are difficult to predict. (Operator Instructions) Please note that this conference is being recorded.
I now hand over the conference to Mr. Mayank Bhandari from Asian Market Securities. Thank you over to you, sir.
Thank you and good afternoon, everyone. On behalf of Asian Market Securities, I welcome you all to Q1 FY25 earnings conference call of Elecon Engineering Company Limited we are pleased to have as a management team represented by Mr. Prayasvin Patel, Chairman and Managing Director, Mr. Aayush Shah, Non-Executive Director, Mr. M.M. Nanda, Head of Gear Division,
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