Q4 2024 BCL Industries Ltd Earnings Call Transcript
Key Points
- BCL Industries Ltd (NSE:BCLIND) successfully commissioned a 100 KLPD ethanol plant at Svaksha Distillery, increasing total capacity to 700 KLPD.
- The company has entered the biodiesel segment and plans to set up a 75 KLPD biodiesel plant in Bathinda, with all necessary clearances obtained.
- BCL Industries Ltd (NSE:BCLIND) reported a 21% year-on-year increase in total revenue, reaching INR2,209 crores for FY24.
- The distillery segment experienced remarkable growth, with ethanol production reaching 129,949 KL and revenue touching INR853 crores.
- The company plans to gradually exit the edible oil business, focusing more on the ethanol and biodiesel markets, which are expected to drive future growth.
- There was a dip in margins due to price inflation in maize and broken rice, impacting the company's profitability.
- The company faced challenges with the sudden stoppage of FDA rice supplies, which affected raw material availability and increased costs.
- Despite the increase in revenue, the EBITDA margin for the fourth quarter stood at 8.5%, which may be considered modest given the overall growth.
- The company is awaiting environmental and statutory clearances for the 150 KLPD ethanol expansion at Bathinda, which could delay further capacity increases.
- The edible oil segment faced global volatility, and the company plans to exit this business, which may involve transitional challenges and potential revenue loss.
Ladies and gentlemen, good day, and welcome to the BCL Industries Limited Q4 FY24 earnings conference call hosted by InCred Equities. (Operator Instructions). Please note that this conference is being recorded. I now hand the conference over to Mr. Nitin Awasthi from InCred Equities. Thank you, and over to you, sir.
Thank you, Muskaan. We thank the management of BCL Industries for giving us this opportunity to host the call today from the management we have today, Mr. Rajinder Mittal, the Managing Director on behalf instead of Mr. Kushal Mittal, along with their IR represented by Priya Sen of Go India Advisors. I will now hand over the floor to Rajinder for his opening remarks. Over to you, sir.
Thank you, Mr. Nitin, and good afternoon, everyone. A warm welcome to the Q4 and financial year '24 earning con call of BCL Industries Limited. The financial results and investor presentation has been uploaded
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