Q4 2024 Mangalore Chemicals and Fertilisers Ltd Earnings Call Transcript
Key Points
- Mangalore Chemicals & Fertilizers Ltd (BOM:530011) achieved its best-ever operational and financial performance in FY24.
- Total sales for FY24 reached an impressive 8.72 lakh tons, marking the best performance in the last five years.
- The company topped total fertilizer sales in Karnataka for the first time with a 16% market share.
- Operational efficiency remains strong, with seamless operation of ammonia urea plants and essential maintenance of phosphatic fertilizer plants.
- The merger with Paradeep Phosphates Limited is expected to create one of the largest private sector fertilizer manufacturers in India, enhancing geographic footprint and unlocking synergies.
- Q4 FY24 sales were lower at 1.95 lakh metric tons compared to 2.24 lakh metric tons in Q4 FY23 due to deficient monsoons and low reservoir levels.
- Profit before tax for Q4 dropped significantly to INR7.2 crores from INR92 crores in Q4 FY23.
- Margins on urea beyond the reassessed capacity were negligible, impacting profitability.
- Revenue for Q4 FY24 decreased by 32% compared to Q4 FY23 due to reduced import volumes.
- EBITDA for Q4 FY24 decreased by 62% compared to Q4 FY23 due to lower production beyond the reassessed capacity.
Good afternoon, ladies and gentlemen. On behalf of Mangalore chemicals and fertilizers Limited and SKP Securities, it's a pleasure to welcome you to MTFS Q4 FY24 and FY25 learning webinar. We have with us Mr. Nitin Kantak, Whole Time Director, along with Mr. T Muralidharan, CFO, both of them you have met in the past.
This webinar is being recorded for compliance reasons that during the discussion there may be certain forward-looking statements. These must be viewed in conjunction with the (inaudible) company faces. I now hand over webinar to Mr. Kantak for his opening remarks, which will be followed by Q&A session. Thank you, and over to you, Mr. Kantak.
Thanks, Navin, and good afternoon, ladies and gentlemen. Thank you for joining us today for our Q4 and FY24 earnings call. I appreciate your continued interest and support in MCFL. I'm delighted to announce that MSFL has achieved the best-ever operational and financial performance in FY24. I will begin by highlighting the
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