Q4 2024 Welspun Enterprises Ltd Earnings Call Transcript
Key Points
- Welspun Enterprises Ltd (BOM:532553) starts FY25 with the highest ever standalone opening order book of INR12,200 crores.
- The company has achieved the highest standalone EBITDA of INR439 crores in FY24.
- Welspun Enterprises Ltd (BOM:532553) has been recognized and certified as a Great Place to Work by GPTW Certification agency.
- The company has a strong balance sheet with a net cash of INR923 crores as of March 31, 2024.
- Welspun Michigan Engineers Ltd, a subsidiary, has shown significant growth with a 30% increase in revenue for FY24 and an EBITDA margin of 23%.
- Revenue in FY24 dropped by 8% year-on-year due to deferment of revenues to FY25.
- The pace of execution for some projects, such as the Sattanathapuram - Nagapattinam road project, has been slower than planned.
- Challenges in skilled manpower shortage have affected the pace of progress in the UP JJM project.
- The company's other income dropped by 64% in Q4 FY24 compared to Q4 FY23.
- Finance costs have dropped 67% year over year, indicating potential issues with managing financial expenses.
Ladies and gentlemen, good day, and welcome to Welspun Enterprises Limited Q4 FY24 earnings conference call. This conference call may contain forward-looking statements about the company, which are based on the beliefs, opinions, and expectations of the company as on date of this call. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to predict. (Operator instructions) Please note that this conference is being recorded.
I now hand the conference over to Mr. Salil Bawa, Head of Investor Relations, Welspun World. Thank you, and over to you, sir.
Thank you very much, Sagar. Good afternoon to all of you. On behalf of Welspun Enterprises Limited, I welcome all of you to the company's Q4 and FY2024 earnings call. Along with me today, I have here Mr. Sandeep Garg, Managing Director of Welspun Enterprise Limited; Mr. Saurin Patel, Managing Director, Welspun Michigan Engineers Limited; Mr. Lalit Jain, Chief Financial
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