Bodal Chemicals Ltd (NSE:BODALCHEM)
₹ 79.72 -2.07 (-2.53%) Market Cap: 10.05 Bil Enterprise Value: 18.28 Bil PE Ratio: 344.14 PB Ratio: 0.96 GF Score: 68/100

Q1 2025 Bodal Chemicals Ltd Earnings Call Transcript

Aug 14, 2024 / 12:30PM GMT
Release Date Price: ₹74.4 (-3.46%)

Key Points

Positve
  • Bodal Chemicals Ltd (NSE:BODALCHEM) achieved a total revenue of INR424 crores in Q1 FY25, marking a 24% year-on-year growth and 6% quarter-on-quarter growth.
  • The company reported an EBITDA of INR37 crores, reflecting a 19% year-on-year growth.
  • Revenue from dyestuffs increased by 18% year-on-year and 15% quarter-on-quarter, reaching INR135 crores.
  • The Chlor Alkali business reported a revenue of INR78 crores, with a 12% year-on-year growth and 15% quarter-on-quarter growth.
  • The Saykha Greenfield Project has commenced commercial production of benzene downstream products, with expected meaningful contributions to revenue in the second half of FY25.
Negative
  • The company reported a consolidated net loss after tax of INR1.17 crores for Q1 FY25.
  • Revenue from Dye Intermediates saw a 6% quarter-on-quarter decline, despite a 46% year-on-year growth.
  • The Saykha Benzene downstream project had negligible revenue contribution due to the quality stabilization process.
  • Turkey's hyperinflation negatively impacted the performance of the company's wholly-owned subsidiary, Sen-er Boya, resulting in a loss of INR2.4 crores.
  • Increased interest, depreciation, and overhead costs due to the capitalization of new projects offset partial profitability from other divisions.
Operator

Ladies and gentlemen, good day, and welcome to Bodal Chemicals Limited Q1 FY25 Earnings Conference Call. (Operator Instructions) I now hand the conference over to Mr. Ankit Patel. Thank you, and over to you, sir.

Ankit Patel
Bodal Chemicals Ltd - Executive Director

Thank you very much. Good evening, everybody. On behalf of Bodal Chemicals Limited, I extend a very warm welcome to everyone for joining us on the call today. On this call, we are joined by our CFO, Mr. Mayur Padhya. I hope everyone had an opportunity to go through the financial results and investor presentation, which has been uploaded on the stock exchange and our company's website.

We will give you a quick overview of the recent developments in the chemical industry. And then Mr. Mayur Padhya will walk you through the operational and financial performance for the Q1 FY25. Global economy continues with uncertain geopolitical events, country-specific economic crisis and inflation. There have been multiple global logistic issues emanating from China as well as Red Sea impacting the global

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