Q4 2024 Bharat Wire Ropes Ltd Earnings Call Transcript
Key Points
- Bharat Wire Ropes Ltd (BOM:539799) reported a consolidated revenue of INR622 crore for FY24, reflecting a 6% year-on-year growth.
- EBITDA increased by 18% year-on-year to INR164 crore, with an EBITDA margin of 26.39%, up by 283 basis points.
- Net profit for FY24 was INR96 crore, marking a significant 55% year-on-year growth, with a PAT margin of 15.47%, up by 491 basis points.
- The company achieved a 7% year-on-year increase in volumes and a 5.6% increase in revenue due to debottlenecking of capacity and new product development.
- Bharat Wire Ropes Ltd (BOM:539799) has a strong order book position, secure for three to four months of operations, and is focusing on high value-added products to drive growth.
- The company experienced an 18% reduction in EBITDA in Q4 due to disturbances in Red Sea material movement.
- The cash conversion cycle increased to 140 days from 84 days last year, primarily due to a buildup of inventory and debtors.
- Freight costs have increased due to Red Sea disturbances, although these costs are gradually being passed on to customers.
- The company has not provided specific revenue growth guidance for FY25, creating some uncertainty about future performance.
- The subsidy collection process is dependent on government allocation, with INR90 crore yet to be received, which could impact cash flow.
Ladies and gentlemen, good day, and welcome to the Bharat Wire Ropes Limited Q4 and FY24 earnings conference call hosted by Ventura Securities Limited. (Operator Instructions) Please note that this conference is being recorded. I would now like to hand the conference over to Tushar from Ventura Securities Limited. Thank you, and over to you, Tushar.
Thank you. Good day, ladies, and gentlemen. On behalf of Ventura Securities Limited, I welcome you all to Bharat Wire Ropes Limited Q4 and FY24 earnings conference call. The company today represented by Mr. Murarilal Mittal, Managing Director; Mr. Mayank Mittal, Joint Managing Director; Mr. Sushil Sharda, Director, and Head of Finance. I would now like to hand over the call to the management for his opening remarks. Thank you, and over to you, sir.
Thank you, Mr. Tushar, and Ventura Security for hosting this call. And good evening, ladies, and gentlemen, and thank you for
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
