Q3 2024 Shri Keshav Cements and Infra Ltd Earnings Call Transcript
Key Points
- Shri Keshav Cements & Infra Ltd (BOM:530977) reported a total income of INR34.36 crores in Q3 FY24.
- EBITDA increased by 12.47%, reaching INR11.69 crores, with an expanded EBITDA margin of 34.38%.
- The company achieved a net profit of INR3.97 crores, resulting in a net profit margin of 11.46%.
- The company has been meeting 100% of its energy requirements through renewable solar generation since April 2018.
- Permission has been granted for the expansion of the solar plant from 37-megawatt to 40-megawatt peak, contributing to sustainable practices and energy efficiency.
- Sales for Q3 were flat compared to the year-on-year growth despite the favorable post-monsoon season.
- The company has been facing inefficiencies in power consumption, consuming about 110 units per ton of cement compared to the industry standard of 60 units.
- The top-line growth appeared flat due to the shift to ex-plant dispatches, which reduced logistic costs but did not significantly increase net realization.
- The cement demand and prices in Karnataka have softened slightly, with potential pressure expected to persist until the elections.
- The company’s working capital cycle has remained consistent, with no significant changes in inventory days, debtors, or receivables.
Ladies and gentlemen, good day, and welcome to Shri Keshav Cements and Infra Limited Q3 FY24 earnings conference call hosted by Kirin Advisors. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Ms. Vaishnavi Ambokar from Kirin Advisors. Thank you, and over to you, ma'am.
Thank you. Good morning, and thank you on behalf of Kirin Advisors. I welcome you all to the conference call of Shri Keshav Cements and Infra Limited. From the management side, we have Mr. Venkatesh Katwa, Chairman.
Now, I hand over the call to Mr. Venkatesh. Over to you, sir.
Yes. Good morning, everyone. And I welcome and thank you for joining the conference call for Shri Keshav Cements and Infra Limited. We are delighted to have each one of you here as we explore and discuss the financial performance of quarter three of financial-year 2024.
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