Q1 2025 Fiem Industries Ltd Earnings Call Transcript
Key Points
- Revenue for Q1 FY25 increased by 22% year-on-year, driven by strong performance across OEM customers.
- EBITDA margin improved to 13.7%, reflecting robust operating performance.
- Net profit grew by 35%, showcasing strong execution capability.
- Opened a new R&D center in Japan, enhancing collaboration with Japanese customers.
- Successfully delivered the first project to Mercedes and received a second order, indicating progress in the passenger car segment.
- EV volume segment experienced moderate volumes during the quarter, indicating slower growth in this area.
- Frequent changes in government subsidies are causing challenges in the electric vehicle industry.
- High investment in new technologies and R&D may impact short-term profitability.
- The insurance claim process from a previous incident is still ongoing, with no immediate resolution in sight.
- Employee expenses have increased due to annual appraisals and new hiring, impacting overall cost structure.
Ladies and gentlemen, good day, and welcome to Fiem Industries Limited Q1 FY25 earnings conference call hosted by Monarch Network Capital.
(Operator Instructions)
Please note that this conference is being recorded.
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 the future guarantees, performance, and involve risks and uncertainties that are difficult to predict.
I now hand the conference over to Mr. Sahil Sanghvi from Monarch Networth Capital. Thank you, and over to you, sir.
Thank you, Laiba. Good evening, everyone.
On behalf of Monarch Networth Capital, I welcome you all to the Q1 FY25 Conference Call of Fiem Industries. We'll start the call with the initial comments about the results and the future outlook of the company, and then we'll open the floor for questions and answers.
Now I hand over
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