Q1 2025 Mallcom (India) Ltd Earnings Call Transcript
Key Points
- Mallcom (India) Ltd (BOM:539400) reported an 8% year-on-year growth in operating revenue for Q1 FY25, reaching approximately INR102 crore.
- The company has commenced Phase 2 expansion at Chandipur, Ghatakpukur, which includes setting up a new unit for industrial safety shoes, expected to be completed by the end of FY25.
- Mallcom (India) Ltd (BOM:539400) received a conditional financial grant of INR7.17 crore from DPIIT for its new unit project.
- The Sanand-II project in Gujarat for manufacturing Protech workwear is progressing as per schedule, with production likely to commence by September 2024.
- The company is increasing manufacturing capacities and investing significantly in marketing and branding efforts to meet growing demand in both export and domestic markets.
- EBITDA margin declined from 14.92% to 13.96% year-on-year due to higher operating costs.
- Net profit remained flat year-on-year at approximately INR9 crore, indicating no significant improvement in profitability.
- The demand environment in Europe remains slow, which could impact future revenue growth.
- There is a container shortage and Red Sea crisis affecting logistics, which has led to increased costs and potential delays in shipments.
- The company faces challenges in expanding capacity to meet the growing demand, particularly in the context of the China Plus One strategy.
Ladies and gentlemen, good day, and welcome to the Mallcom Limited (India) Q1 FY25 post results earnings conference call hosted by Batlivala & Karani Securities India Private Limited. (Operator Instructions) Please note that this conference is being recorded. I now hand the conference over to Mr. Akhil Parekh from Batlivala & Karani Securities India Private Limited. Thank you, and over to you, sir.
Thanks, Shlok. Good morning, everyone. On behalf of B&K Securities, I welcome you all to Mallcom (India) 1Q FY25 conference call. From the management team, we have Mr. Ajay Mall, Promoter and Managing Director; and Mr. Shyam Sundar Agrawal, Chief Financial Officer. Without taking much time, I'll hand over the call to Mr. Ajay Mall. Sir, over to you for your opening remarks, post which we'll open the floor for Q&A session.
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