Q3 2024 Sandhar Technologies Ltd Earnings Call Transcript
Key Points
- Revenue growth of 23% year on year to INR892 crores.
- EBITDA increased by 34% year on year to INR91 crores.
- Achieved double-digit EBITDA margin of 10.2% in Q3 FY24.
- PAT grew by 43% year on year.
- Strong focus on innovation and sustainability, particularly in the electric vehicle (EV) space.
- Capacity utilization in some new projects remains low, such as Romania at 10-20%.
- High debt levels with gross debt at INR553 crores and net debt at INR539 crores.
- Potential pullback in commercial vehicle market due to upcoming elections.
- Incremental capacity growth required for proprietary items, indicating ongoing CapEx needs.
- Challenges in scaling up new plants, such as the Mysore plant, which is still at low levels of capacity utilization.
Ladies and gentlemen, good day, and welcome to the Sandhar Technologies Limited Q3 and nine months FY24 results conference call hosted by Dolat Capital. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Mr. Abhishek Jain. Thank you, and over to you, sir.
Thanks, Tushar. Good morning, everyone. On behalf of Dolat Capital, I welcome you all in third quarter and nine-month FY24 conference call of Sandhar Technology.
From the management side, we have with us Mr. Jayant Davar, Co-Chairman and Managing Director; and Mr. Yashpal Jain, CFO of the company. We thank the management for providing us the opportunity to host the call.
Now, I hand over the call to the management for their opening remarks, followed by the question-and-answer session. Over to you, Jayant, sir.
Yes. Good morning, everyone.
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