Q4 2024 Black Rose Industries Ltd Earnings Call Transcript
Key Points
- Black Rose Industries Ltd (BOM:514183) reported a substantial increase in EBITDA by about 125% on a standalone basis, reflecting strong operational performance.
- The company remains long-term debt-free, showcasing a strong financial position with a negligible total debt-equity ratio.
- Export volumes for the manufacturing segment, particularly Acrylamide, increased significantly, with 65% of Acrylamide being exported.
- The company has successfully added new products to its portfolio, such as Acrylamide Solid and N-Methylol Acrylamide, contributing to revenue growth.
- The distribution business saw an increase in margins by over 60% year-on-year, despite a global meltdown in chemical prices.
- The Morbi Ceramic market remains subdued due to high gas prices, subdued export demand, and logistic issues, impacting sales of Polyacrylamide Liquids.
- The company faces challenges with international logistics, including delayed shipments and longer transit times, which could impact export markets.
- There is significant competition in the Polyacrylamide Liquid market, particularly from smaller local producers in the Morbi area.
- The company is still in the process of obtaining environmental clearance for its Specialty Chemicals project, which could delay potential revenue from this segment.
- The overall demand in Europe remains sluggish, despite efforts to penetrate new customers under the Europe Plus One strategy.
Good afternoon, ladies and gentlemen, and thank you for attending this virtual meeting. It's my pleasure to welcome you on behalf of Black Rose Industries Limited at SKP. Securities to this FY24 financial results webinar. We have with us Mr. Ambarish Daga, Director, Joined CFO and IR Officer, and Mr. Bhavesh Shah, General Manager sales.
This webinar is being recorded for compliance reasons and during the discussion there may be some forward-looking statements, and these must be viewed in conjunction with the risks that the company faces. We'll have the opening remarks and a presentation by Mr. Daga, followed by a Q&A session. Thank you and over to you, Ambarish.
Thank you, Navin ji, and a very warm welcome to everyone. Now that the temperatures are cooling down in India, both in terms of the weather as well as the temperature which had gone
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