Solar Industries India Ltd (NSE:SOLARINDS)
₹ 9529.95 -105.65 (-1.1%) Market Cap: 862.37 Bil Enterprise Value: 873.64 Bil PE Ratio: 85.32 PB Ratio: 22.73 GF Score: 97/100
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Q4 2024 Solar Industries India Ltd Earnings Call Transcript

May 17, 2024 / 05:30AM GMT
Release Date Price: ₹8983.45 (+8.24%)

Key Points

Positve
  • Achieved highest-ever quarterly and yearly profit at INR243 crore and INR875 crore, respectively.
  • Turnover for the year stood at INR6,070 crore, reflecting strong performance.
  • Defense annual revenue crossed INR500 crore for the first time.
  • Domestic explosives volume grew significantly by 24% in the quarter and 20% for the year.
  • Proposed a dividend of INR8.5 per share, up from INR8 in the previous year.
Negative
  • Revenue loss of around INR900 crore for the year due to currency fluctuations and hyperinflation.
  • EBITDA losses of INR150 crore for the year compared to the previous year.
  • Defense revenue was lower than the annual guidance.
  • International business faced challenges due to hyperinflation and currency depreciation in key markets like Turkey and Nigeria.
  • Employee costs and other expenses increased significantly year-on-year.
Operator

Ladies and gentlemen, good day, and welcome to Solar Industries India Limited Q4 FY24 results conference call hosted by ICICI Securities. (Operator Instructions) Please note that this conference is being recorded.

I now hand the conference to Mr. Amit Dixit from ICICI Securities. Thank you, and over to you, sir.

Amit Dixit
ICICI Securities Limited - Analyst

Thanks, Tushar. Good morning, everyone, and thanks for joining the call today. At the outset, I would like to thank the management for giving us an opportunity to host the call.

From the management today, we have Mr. Manish Nuwal, MD and CEO; Mr. Suresh Menon, ED; Mr. Moneesh Agrawal, Joint CFO; Ms. Shalinee Mandhana, Joint CFO. Without much ado, I would hand over the call to Ms. Aanchal from Solar Industries to take this forward. Over to you, ma'am.

CA Aanchal T.
Solar Industries India Ltd - Investor Relations & Finance Manager

Thank you so much, Amit. A very good morning to our dear stakeholders and well-wishers. My name is Aanchal, and

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