Q4 2024 RHI Magnesita India Ltd Earnings Call Transcript
Key Points
- RHI Magnesita India Ltd (BOM:534076) reported an 8% increase in Q4 FY24 revenue compared to Q4 FY23, reaching INR943 crores.
- EBITDA margins improved to 16.2% in Q4 FY24, driven by operational efficiencies and profitability from new customers.
- The company achieved a 39% year-on-year increase in revenue for the full year, reaching INR3,781 crores.
- Net debt levels were significantly reduced by INR857 crores, ending the period with a 0.6x net debt to EBITDA ratio.
- The company has successfully integrated its M&A activities, leading to improved margins and operational efficiencies in acquired entities.
- Global demand for refractories has been subdued, impacting global pricing levels.
- Export markets have been relatively weak, affecting overall demand.
- The company faced challenges in maintaining margins due to global pricing pressures and overcapacity in the market.
- Finance costs increased due to higher forex losses from rupee depreciation.
- Capacity utilization at the Dalmia plant remains low at 54%, indicating underutilization of assets.
Ladies and gentlemen, good day and welcome to RHI Magnesita India Limited., Q4 FY24 conference call hosted by Asian Market Securities 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 the guarantees of future performance and involve risks and uncertainties that are difficult to predict. Actual results may differ from such expectations, projections, et cetera, whether expressed or implied. Participants are requested to exercise caution while referring to such statements and remarks.
(Operator Instructions)
Please note that this conference is being recorded. I now hand the conference over to Mr. Mayank from Asian Market Securities Limited. Thank you, and over to you, sir.
Thank you, Sahil. Good afternoon, everyone. On behalf of Asian Market Securities, we welcome you all to Q4 FY24 earnings conference call of RHI Magnesita India Limited. We
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