FIEM Industries Ltd (BOM:532768)
₹ 1547.05 -15.15 (-0.97%) Market Cap: 40.72 Bil Enterprise Value: 38.89 Bil PE Ratio: 22.73 PB Ratio: 4.60 GF Score: 94/100
Back to the Transcripts List

Q3 2024 Fiem Industries Ltd Earnings Call Transcript

Feb 12, 2024 / 10:30AM GMT
Release Date Price: ₹1146.43 (-1.05%)

Key Points

Positve
  • FIEM Industries Ltd (BOM:532768) reported a 10.3% increase in net sales to INR483 crores in Q3 FY2024.
  • The company posted a strong 26% jump in PAT on a year-on-year basis to INR40 crores.
  • The two-wheeler industry registered robust growth with a production volume of 5.5 million units in Q3 FY2024.
  • FIEM Industries Ltd (BOM:532768) made a breakthrough in the four-wheeler passenger car segment, securing a supplier contract for full LED headlamps for a high-end European car.
  • The company announced a bonus share in the ratio of 1:1 to reward shareholders, demonstrating a commitment to enhancing shareholder value.
Negative
  • The EBITDA margin slightly decreased to 13.35% in Q3 FY2024 from 13.62% in the same quarter last year.
  • The company faced a flat growth in the plastic products segment and a decline in the 'others' category, impacting overall sales performance.
  • There was a significant increase in employee costs due to the expansion of the four-wheeler team and a temporary shutdown in December.
  • The insurance claim process for the Sonepat power plant incident is still ongoing, with no updates on the settlement.
  • Despite the growth in the two-wheeler industry, FIEM Industries Ltd (BOM:532768) did not outperform the industry as significantly as in previous years.
Operator

Ladies and gentlemen, good day and welcome to Fiem Industries Limitedâs Q3 FY2024 earnings conference call hosted by Monarch Networth Capital Limited. 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.

As a reminder, all participant lines will be in the listen-only mode and there will be an opportunity for you to ask questions after the presentation concludes. (Operator Instructions) Please note that this conference is being recorded.

I now hand the conference over to Mr. Sahil Sanghvi from Monarch Networth Capital Limited. Thank you and over to you, Sir.

Sahil Sanghvi
Monarch Networth Capital Limited - Analyst

Thank you, Manuja. Good evening everyone. On behalf of Monarch Networth Capital, I welcome you all to the Q3 FY2024 conference call of Fiem Industries Limited. We will start the call

Already have an account? Log in
Get the full story
Start 7-Day Free Trial
Access to All Earning Calls and Stock Analysis
30-Year Financial on one screen
All-in-one Stock Screener with unlimited filters
Customizable Stock Dashboard
Real Time Insider Trading Transactions
8,000+ Institutional investors’ 13F holdings
Powerful Excel Add-in and Google sheets Add-on
All data downloadable
Quick customer support
And much more...
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent
4.6 out of 5 Trustpilot
Research Tools
All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Discussion Board
Product
Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Instant Alerts Mobile App 中文
Education
Financial Glossary Tutorials FAQ Schedule Free Session Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation
Company
About GuruFocus Career Contact Us Advertise Site Map Term of Use Privacy Policy Referral Program Partner Program
Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey
Follow Us
download GuruFocus on Apple store download GuruFocus on Google Play
Disclaimers
GuruFocus.com is not operated by a broker or a dealer. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.
© 2004-2024 GuruFocus.com, LLC. All Rights Reserved.