Q4 2024 Kirloskar Oil Engines Ltd Earnings Call Transcript
Key Points
- Achieved highest quarterly and annual sales in company history.
- Strong demand across sectors, especially from construction, infrastructure, and railways.
- International sales crossed INR 500 crore mark for the first time, contributing approximately 12% of total sales.
- Significant growth in B2B business with a 22% year-on-year increase in quarterly sales.
- EBITDA margin improved to 12.8% for Q4 FY24 from 11.2% in Q4 FY23.
- Farm mechanization business continues to decline, with a 45% year-on-year drop in quarterly revenue.
- Increased import content for CPCBIV products, rising to 9-10% from 3% for CPCBII.
- Debt levels expected to remain the same, with no significant reduction planned.
- Challenges in transitioning to CPCBIV+ norms, impacting production and supply chain agility.
- Potential flat volume growth in the short term due to the transition to CPCBIV norms.
Ladies and gentlemen, good day, and welcome to the Kirloskar Oil Engines Limited Q4 FY24 earnings conference call hosted by Antique Stock Broking. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Mr. Dhirendra Tiwari from Antique Stock Broking. Thank you, and over to you, sir.
Thank you very much and good evening, ladies and gentlemen. We, at Antique Stock Broking, welcome you on this call to discuss 4Q FY '24 results of Kirloskar Oil Engines Limited. We are glad to have with us Ms. Gauri Kirloskar, Managing Director; Mr. Rahul Sahai, CEO, B2B Business; and Mr. Aseem Srivastav, CEO, B2C business, along with the rest of the management team. I first congratulate the entire team of KOEL for delivering yet another strong performance. And now I invite Ms. Gauri to start with opening remarks, following which we will open the floor for Q&A. Over to you, Ms. Gauri. Thank you very much.
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