Q4 2024 JTL Industries Ltd Earnings Call Transcript
Key Points
- JTL Industries Ltd (BOM:534600) achieved the highest ever sales volume of around 3.4 lakh metric tons, showcasing a robust growth of over 42% compared to the previous year.
- The company experienced a significant increase in the sales of value-added products, with a 35% rise from 71,000 tons in FY23 to around 1 lakh tons in FY24.
- Revenue grew by 31% to INR2,040 crore in FY24 compared to INR1,550 crore in FY23, attributed to robust demand and strategic expansion initiatives.
- JTL Industries Ltd (BOM:534600) maintained a healthy EBITDA margin of 10.5%, supported by an increase in value-added product share and enhanced efficiencies across all plants.
- The company anticipates a 35% growth in revenue for FY25 compared to FY24, with a focus on maintaining an EBITDA metric ton of 5,000 plus for the whole year.
- There is a concern about potential overcapacity in the market, with many competitors increasing their capacities, which could impact demand and pricing.
- The company faced a slowdown in demand in Q4 FY24, attributed to a lack of government demand and the election scenario.
- JTL Industries Ltd (BOM:534600) has seen a decline in quarter-to-quarter sales by approximately 17%, from INR567 crore to INR466 crore.
- The company's return on capital employed (ROCE) and return on equity (ROE) have reduced significantly, attributed to ongoing expansions and work-in-progress assets.
- There is a delay in the commissioning of the Direct Forming Technology (DFT), which was supposed to be operational in Q1 FY25 but is now expected to be commissioned by the end of H1 FY25.
Ladies and gentlemen, good day, and welcome to the JTL Industries Limited Q4 FY24 earnings conference call hosted by Nuvama Wealth Management. (Operator Instructions) Please note that this conference is being recorded. I now hand over to Ms. Sneha Talreja from Nuvama Wealth Management. Thank you, and over to you, ma'am.
Thank you, Manoja, and good morning all. On behalf of Nuvama Wealth Management, we welcome you all to the JTL Industries Q4 FY24 conference call. We are joined today by the senior management of JTL Industries represented by Mr. Atul Garg, CFO; Mr. Pranav Singla, Whole-Time Director; Mr. Dhruv Singla, Whole-Time Director. We will now start with opening remarks by the management followed by the Q&A. I would now like to hand over this call to Mr. Pranav Singla for his brief opening remarks. Over to you, Pranav.
Thanks, Sneha, and thanks a lot for hosting the call. Good morning, everyone.
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