Q4 2024 TCPL Packaging Ltd Earnings Call Transcript
Key Points
- Consolidated revenues rose by 5% to INR 1,541 crores in FY '24, supported by export initiatives and healthy contributions from the flexible segment.
- EBITDA grew by 7% to INR 251 crores, translating into a margin of 16.3%.
- Cash PAT for the year stood at INR 206 crores, showcasing financial strength.
- Strategic plan to establish a greenfield facility in Southern India to broaden pan-India presence.
- Received numerous prestigious awards, including the PrintWeek Printing Company of the Year 2023 and the Innovative Printer of the Year 2023.
- Subdued demand environment in the domestic market affected growth.
- High base effect from the previous year and reduced demand in select end-user industries impacted FY '24 growth.
- CapEx budget for the new Chennai plant is not finalized and may exceed INR 100 crores.
- Flexible packaging segment's capacity utilization is still low, indicating underutilization.
- Challenges in the export market due to the Red Sea crisis, impacting margins and growth.
Ladies and gentlemen, good day, and welcome to TCPL Packaging Limited Earnings Conference Call. (Operator Instructions) Please note that this conference is being recorded. I now hand the conference over to Ms. Jenny Rose from CDR India. Thank you, and over to you, Ms. Rose.
Good evening, everyone, and thank you for joining us on TCPL Packaging's Q4 and FY '24 Earnings Conference Call. We have with us today Mr. Akshay Kanoria, Executive Director; Mr. Jitendra Jain, Chief Financial Officer; and Mr. Vivek Dave, GM Finance of the company. We would like to begin the call with brief opening remarks from the management following which we will have the forum open for an interactive question-and-answer session.
Before we start, I would like to point out that some statements made in today's call may be forward-looking in nature and a disclaimer to this effect has been included in the results presentation shared with you earlier.
I would now like to invite Mr. Akshay Kanoria to make his opening remarks. Over to you,
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