Q1 2025 Solar Industries India Ltd Earnings Call Transcript
Key Points
- Achieved highest ever quarterly EBITDA and PAT at INR474 crores and INR301 crores respectively.
- Turnover increased by 5% over Q4 of FY24, reaching INR1,695 crores.
- Domestic explosives volume grew by 16% year-on-year.
- Defense revenue grew by 32% year-on-year, reaching INR204 crores.
- Expansion into new international markets, including Kazakhstan and Thailand, and acquisition of Problast in South Africa.
- Realization of explosives showed a degrowth of 12%.
- Export and overseas revenue decreased from INR605 crores to INR579 crores.
- Employee costs increased by 31%.
- Interest costs rose by 11%, and depreciation increased by 17% due to CapEx.
- Uncertainty in predicting market opportunities and timelines for new defense products.
Ladies and gentlemen, good day, and welcome to the Solar Industry Limited Q1-FY25 earnings conference call. (Operator Instructions). Please note that this conference is being recorded.
I now hand the conference over to Mr. Umesh Raut. Thank you, and over to you, sir.
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Thank you, [Sejal]. Good morning, everyone, and thanks for joining the call today. At the outset, I would like to thank management for giving us opportunity to host the call.
From the management today, we have Mr. Manish Nuwal, MD and CEO; Mr. Moneesh Agrawal, the joint CFO; Ms. Shalinee Mandhana, joint CFO; Ms. Aanchal Kewlani, Senior Finance Manager.
Without much ado, I would like to hand over the call to Ms. Aanchal from Solar Industries to take this forward. Over to you, ma'am.
Thank you so much. A very good morning,
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