Q4 2024 Anup Engineering Ltd Earnings Call Transcript
Key Points
- The Anup Engineering Ltd (BOM:542460) reported a revenue growth of 34% for FY24, reaching INR550.4 crores compared to INR411.3 crores in the previous year.
- EBITDA for FY24 increased by 53.3%, amounting to INR126.8 crores compared to INR82.7 crores in the previous year.
- PAT for FY24 doubled to INR103.5 crores from INR51.4 crores in the previous year, indicating strong profitability.
- The company achieved an on-time delivery performance above 95%, ensuring high customer satisfaction.
- The order booking for FY24 was robust, with new orders worth INR853 crores, leading to an opening balance of approximately INR854 crores for FY25, with around 50% of these orders being for exports.
- Despite the strong financial performance, the domestic market showed signs of low traction, with more growth coming from exports.
- The company faces challenges in maintaining a consistent gross margin due to fluctuations in raw material prices and the need for strategic procurement.
- The effective tax rate for FY25 is expected to be around 25%, which could impact net profitability.
- The company’s expansion plans, including the commissioning of new manufacturing bays, involve significant capital expenditure, which could strain cash flows.
- The competitive landscape, especially in the export market, includes strong players from regions like the Middle East and Southeast Asia, which could impact market share and margins.
Ladies and gentlemen, good day, and welcome to Q4 and year ended FY24 earnings conference call of the Anup Engineering Limited. (Operator Instructions) Please note that this conference is being recorded.
Before we proceed to the call, let me remind you that the discussion may contain certain forward-looking statements that may involve known or unknown risks, uncertainties, and other factors. It must be viewed in conjunction with our business risk that could cause actual results, performances, or achievement to differ significantly from what has been expressed or implied in such forward-looking statements. Please note that the company has uploaded the results, press release, investor presentation, and also the outcome of the Board Meeting on the website of stock exchanges and website of the company.
I now hand the conference over to Mr. Reginaldo Dsouza. Thank you, and over to you, sir.
Thank you. Hello, everyone. Warm greetings from team Anup. I'm Reginaldo Dsouza, CEO at Anup,
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