Q3 2024 Black Rose Industries Ltd Earnings Call Transcript
Key Points
- Black Rose Industries Ltd (BOM:514183) reported a substantial 12% growth in overall revenue from operations during Q3 FY24.
- The EBITDA margin improved significantly to 13.7% for the current quarter, marking the fifth consecutive quarter of margin improvement.
- The company has a very strong balance sheet with a healthy current ratio of over eight times and negligible debt-to-equity ratio.
- The distribution margins increased by around 20% on a quarterly basis due to better material planning and a favorable product mix.
- The company has successfully obtained approval and validation from key customers domestically and internationally for new products, indicating potential future growth.
- Exports for the distribution segment declined on a quarter-to-quarter basis due to a slowdown in the U.S. oil and gas sector.
- The polyamide solid project is still in the finalization stages, indicating potential delays in new product launches.
- The ceramic tile industry, a key market for the company's polyamide liquids, continues to be impacted by higher energy costs and geopolitical issues, affecting demand.
- The company faces challenges from Chinese dumping in the acrylamide powder market, impacting domestic sales.
- There are concerns from long-term shareholders about the slow pace of execution and delays in project timelines, which could affect investor confidence.
Good afternoon, ladies and gentlemen, and thank you for attending this virtual. I'm happy to welcome on behalf of Blackwoods Industries Limited and SKP. Securities for this Q3 FY 21 Financial Results Webinar. We have with us Mr. Ambarish Daga, Director, Joint CFO, and IR Officer; and Mr. Bhavesh Shah â General Manager, Sales. This webinar is being recorded for compliance reasons, and during this discussion, there may be certain forward looking statements. These must be viewed in conjunction with the risks that the Company fixes will handle remarks and presentation by Mr. Daga followed by a Q&A session. Thank you. And over to you, Ambarish.
Thank you know, Navin, and a very warm welcome to one and all who has taken out their precious time to attend our call been for the Q3 FY 24. We have now settled into the new year and we see a lot of different happenings going around. I hope everyone is doing well and safe.
Let's start off with the presentation
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