Q1 2025 HIL Ltd Earnings Call Transcript
Key Points
- HIL Ltd (BOM:509675) reported a consolidated revenue of INR1,107 crores for Q1 FY25, representing a robust 9% growth over the previous year.
- The Pipes & Fittings segment achieved a breakthrough quarter, crossing the INR150 crore quarterly revenue mark for the first time, with a 78% year-on-year growth in revenue.
- The Construction Chemicals business saw a 35% year-on-year revenue growth, with the tiling segment growing nearly 100% over the last year.
- Roofing Solutions maintained its number one market position with a 25% market share, recording the highest Q1 sales while maintaining a significant price premium over competitors.
- The company has made strategic investments in new product development, digitalization, and manufacturing excellence, which are expected to drive future growth and improve operational efficiency.
- Despite the revenue growth, the EBITDA for the quarter dropped by 290 basis points compared to last year, attributed to strategic investments and adverse price trends.
- The Building Solutions business experienced a near-flat revenue performance due to strong competitive pressures and a softer price regime.
- The market for certain product segments, such as engineered wood and resilient flooring, declined by 5% to 10%, impacting overall performance.
- The company faced intensified competition and adverse price trends, particularly in the Pipes & Fittings segment, which saw a 12% drop in price realization.
- The EBITDA losses in the Parador segment increased due to strategic investments in teams and marketing, despite an improvement in contribution margins.
Ladies and gentlemen, good day and welcome to the HIL. Limited's Earnings Conference Call. (Operator instructions) Please note that this conference is being recorded.
I now hand the conference over to Mr. Siddharth Rangenkar from CDR India. Thank you, and over to you, Mr. Rangenkar.
Good morning, ladies and gentlemen, and welcome to HIL Limited Q1 FY 25 earnings conference call for investors and analysts. We are joined today by Mr. Akshat Seth, Managing Director and CEO of the Company; and Mr. Kapadia, CFO.
We will first have Mr. Sato of making the opening comments, and he will be followed by Mr. Kapadia, who will take you through the financial perspectives Before we commence, I would like to point out that certain statements made on today's call could be forward looking and details in this regard are available in the presentation, which is available on the stock exchange website.
I would now like to invite Mr. Seth to present his views on the performance and on the strategic imperatives ahead or
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