Q4 2024 Sukhjit Starch and Chemicals Ltd Earnings Call Transcript
Key Points
- Sukhjit Starch & Chemicals Ltd (BOM:524542) achieved higher sales volumes compared to the previous year, demonstrating strategic agility and operational excellence.
- The company reported a reduction in long-term debt to about INR83 crores, with a very low debt-to-equity ratio of 0.16.
- There is an uptick in demand, especially in the FMCG sector, which is expected to drive sales and profits in the coming year.
- The company is actively exploring both greenfield and brownfield expansion opportunities to meet increasing demand and strengthen its market position.
- Sukhjit Starch & Chemicals Ltd (BOM:524542) is prioritizing higher starch utilization, operational efficiency, and productivity across its operations.
- Net sales for FY24 decreased to INR1,370.86 crores from INR1,435.25 crores in FY23.
- EBITDA for the year fell to INR134 crores from INR145 crores in FY23, indicating a decline in profitability.
- Profit before tax stood at INR77 crores, down from INR92 crores in the previous year, and profit after tax decreased to INR55.62 crores from INR70 crores.
- The company faced pricing pressure on some high-value finished products due to low demand from key sectors.
- There was a significant increase in inventory levels, primarily raw materials, which could indicate potential inefficiencies or market uncertainties.
Ladies and gentlemen, good day, and welcome to The Sukhjit Starch & Chemicals Limited Q4 and FY24 earnings conference call. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Mr. Aman Setia. Thank you, and over to you, Mr. Setia.
Thank you. Good morning, ladies and gentlemen. I am Aman Setia, Vice President, Finance and Company Secretary of The Sukhjit Starch, would like to extend a cordial welcome on behalf of The Sukhjit Group for joining us on the con-call on FY24 results. Dear friends, while we appreciate your time and patience for remaining invested with us for long, we promise all our current and potential investors that we are a company which is not only committed to the operational and financial performance, but also the transparency and best practices front.
Regarding performance in FY24. Every one of you had an opportunity to go through the financial results and
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