Q4 2024 Kriti Industries (India) Limited Earnings Call Transcript
Key Points
- Total sales volumes increased by 16% year-on-year in Q4 FY '24.
- Building Products segment saw a significant 75% growth in volume compared to Q4 FY '23.
- Overall growth for FY '24 was 28% in volume and 18% in value.
- Agriculture segment grew by 16%, Industrial Solutions by 59%, and Building Products by 75% year-on-year.
- The company is optimistic about robust demand in the Agriculture segment for the upcoming quarters.
- EBITDA margin dipped by 124 basis points year-on-year to 7% in Q4 FY '24.
- Net profit margin stood at a modest 1.85% for Q4 FY '24.
- Other expenses have increased significantly, impacting overall profitability.
- Operating leverage has not improved despite higher revenues, with expenses remaining high.
- The company faces challenges in expanding market share due to high transportation costs and competition.
Ladies and gentlemen, good day, and welcome to the Kriti Industries Limited Q4 and FY '24 Earnings Conference Call, hosted by Ventura Securities Limited. (Operator Instructions) Please note that this conference is being recorded.
I would now like to hand the conference over to Tushar from Ventura Securities Limited. Thank you, and over to you, Tushar.
Thank you. Good evening, ladies and gentlemen, on behalf of Ventura Securities Limited, I welcome you all to Kriti Industries Limited Q4 and FY '24 Earnings Conference Call. The company today is represented by Mr. Shiv Singh Mehta, Chairman and Managing Director; and Mr. Rajesh Sisodia, Chief Financial Officer.
I would now like to hand over the call to the Managing Director of the company, Mr. Shiv Singh Mehta, for his opening remarks. Thank you, and over to you, sir.
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