Q4 2024 Filatex India Ltd Earnings Call Transcript
Key Points
- Filatex India Ltd (BOM:526227) reported a year-on-year increase in EBITDA from INR 232 crores to INR 239 crores.
- The company achieved a net profit increase from INR 89.9 crores to INR 110.7 crores year-on-year.
- Production increased from 380,000 metric tons to 406,000 metric tons year-on-year.
- The company is adding a 70 tons per day capacity to produce polyester chips, expected to boost margins by INR 15 crores annually.
- The Indian government has announced a PLI scheme and mega textile parks, which are expected to benefit the industry.
- Revenue for Q4 FY24 decreased from INR 1,083 crores in Q3 FY24 to INR 1,026 crores.
- EBITDA for Q4 FY24 decreased from INR 74.3 crores in Q3 FY24 to INR 64.8 crores.
- Profit before tax for Q4 FY24 slightly decreased from INR 47.7 crores in Q3 FY24 to INR 47.2 crores.
- The company faces significant competition from cheaper Chinese imports, impacting margins.
- Interest costs have fluctuated significantly due to currency exchange impacts on ECBs.
Ladies and gentlemen, good day, and welcome to Filatex India Limited Q4 FY24 earnings conference call. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Ms. Khushbu Gandhi from Share India Securities. Thank you, and over to you, mam.
Thank you. Good evening, everyone. On behalf of Share India Securities, I would like to welcome all the participants to the Q4 and FY24 earnings conference call of Filatex India Limited. We have with us from the management team, Mr. Madhu Sudhan Bhageria, Chairman and MD; Mr. Madhav Bhageria, CFO; and Joint MD and other senior management team. We would commence the call with opening remarks from Mr. Madhu Sudhan Bhageria to give an overview on the company's performance. This will be followed by the question and answer. Sir, you can take over the call.
Thank you, Khushbu. Good
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