Q1 2025 IFB Industries Ltd Earnings Call Transcript
Key Points
- Revenue for Q1 FY25 increased by 17% year-on-year to INR1,244.44 crore.
- PBDIT for the period saw a significant growth of 113% year-on-year, reaching INR86.55 crore.
- Fixed expenditures for the quarter were well below budget, contributing to improved margins.
- The air conditioner segment achieved positive EBITDA for the first time, with a swing of INR22.37 crore compared to the previous year.
- The company is actively working on reducing fixed costs, targeting a monthly savings of INR10-12 crore.
- Gross margins have declined from 43% to 38% over the past few quarters.
- The washer category experienced de-growth, with the company acknowledging implementation issues.
- High advertising and promotion expenses, accounting for 6% of sales, have not yielded expected ROI.
- Challenges in manning counters effectively, impacting sales extraction.
- Potential risks from the Government of India's BIS processes, which could disrupt imports and supply chains.
Ladies and gentlemen, good day, and welcome to the IFB Industries Limited Q1 FY25 earnings conference call hosted by Nirmal Bang Institutional Equities Limited. (Operator instructions) Please note that this conference is being recorded.
I now hand the conference over to Ms. Natasha Jain from Nirmal Bang Equities. Thank you, and over to you, ma'am.
Thank you, and good afternoon, everyone. Nirmal Bang Institutional Equity welcomes you all to the first-quarter FY25 results conference call of IFB Industries. I would like to thank the management of IFB Industries for giving us an opportunity to host the call.
Management is represented by Mr. Bikramjit Nag, Chairman; Mr. Rajshankar Ray, MD and CEO, Home Appliances Division; Mr. P.H. Narayanan, Managing Director Engineering Division; Mr. Soumitra Goswami, CFO; and Mr. Jayanta Chanda, CFO of Engineering Division.
I would now like to hand over the call to the management for their opening remarks, post which we shall open the floor for Q&A. Thank
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