Q4 2024 Salzer Electronics Ltd Earnings Call Transcript
Key Points
- Revenue growth: Salzer Electronics Ltd (BOM:517059) reported a revenue increase to INR326.6 crores in Q4 FY '24 from INR302.7 crores in the previous corresponding period.
- Export performance: The export share of revenue was 27%, demonstrating a year-on-year growth of nearly 18%.
- EBITDA improvement: EBITDA excluding other income increased by 34% year-on-year to INR33 crores in Q4 FY '24.
- Profit after tax: The profit after tax was INR13.3 crores in Q4 FY '24, a year-on-year growth of 35%.
- New product development: The company successfully developed smart meters and received BIS certification for their single-phase smart energy meter.
- Setback in EV chargers: The company's EV chargers failed the communication test required for certification in India, causing delays.
- High sales outstanding: The Building Products division is slowing down due to high sales outstanding with specific distributors.
- Dependency on order inflow: The ability to achieve 100% capacity utilization for smart meters depends on the order inflow, which is uncertain.
- Geopolitical and economic challenges: The company faces challenges due to geopolitical tensions and economic slowdowns in key markets like the U.S. and Europe.
- Cash conversion cycle: The current cash conversion cycle is 145 to 150 days, which the company aims to reduce but has not yet achieved.
Ladies and gentlemen, good day, and welcome to the Salzer Electronics Limited Q4 and FY '24 Earnings Conference Call.
(Operator Instructions)
Please note that this conference is being recorded. I now hand the conference over to Mr. Rohit Ohri from Progressive Shares. Thank you, and over to you, sir.
Thank you, Darwin. Good evening, everyone. On behalf of Progressive Shares, I welcome you all to the Q4 FY '24 Post-Earnings Conference Call of Salzer Electronics Limited. Please note that this conference may contain forward-looking statements, which are based on the beliefs, opinions and expectations of the company as of the date of this call. These statements are not guarantee of future performance. And may involve risks and uncertainties that are very difficult to predict. I now invite Ms. Savli Mangle for the opening remarks to be followed by question-and-answer session. Over to you, ma'am.
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