Latest news with #697
Yahoo
30-05-2025
- Business
- Yahoo
Welspun Living Ltd (BOM:514162) Q4 2025 Earnings Call Highlights: Navigating Growth Amid Global ...
Consolidated Revenue: INR10,697 crores for FY25, an 8.8% year-on-year growth. Q4 Revenue: INR2,648 crores, up by 1.2% year-on-year. EBITDA Margin: 13.6% for FY25; Q4 EBITDA margin at 12%. Profit After Tax (PAT): INR639 crores for FY25, compared to INR681 crores last year. EPS: INR6.70 per share for FY25, down by 5% from the previous year. Net Debt: INR1,603 crores, an increase of INR248 crores from last year. Home Textile Revenue: INR8,804 crores for FY25, up by 10.8% year-on-year. Domestic Retail Business: INR605 crores for FY25, a growth of over 5%. Flooring Revenue: INR727 crores for FY25, a decrease of 7% year-on-year. Advanced Textile Revenue: INR562 crores for FY25, growing by 7.8%. CapEx: INR701 crores for FY25, with a planned CapEx of INR300 crores for FY26. Dividend Distribution: Proposed 170% dividend for FY25, amounting to INR163 crores. Warning! GuruFocus has detected 3 Warning Signs with BOM:514162. Release Date: May 29, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Welspun Living Ltd (BOM:514162) surpassed the INR10,000 crores revenue mark, achieving a consolidated revenue of INR10,693 crores, an 8.8% year-on-year growth. Emerging businesses contribute approximately 30% to the total revenue, showcasing a strong diversified portfolio. The company achieved a significant milestone in sustainability, securing a total ESG score of 83 in the 2024 S&P Global Corporate Sustainability Assessment, ranking fourth globally in its category. Welspun Living's domestic retail business grew over 5% in FY25, reaching INR605 crores, with strong growth momentum in the e-commerce segment, which grew 100% in FY25. The company is expanding its product portfolio for domestic markets through acquisitions, such as acquiring 84.3% equity in a home furnishings company, expected to reach a revenue of INR100-plus crores in three years. The EBITDA margin for Q4 stood at 12%, down 20% year-on-year, primarily due to lower offtake than expected. Profit after tax for the quarter decreased to INR132 crores from INR146 crores year-on-year, with a full-year PAT of INR639 crores, down from INR681 crores. The flooring business recorded a revenue of INR727 crores, declining by 7% in FY25, facing challenges due to US tariffs and other uncertainties. The company experienced margin compression in Q4 due to cautious order patterns from customers ahead of tariff implementation. Welspun Living Ltd (BOM:514162) is unable to provide firm guidance for the current financial year due to prevailing global headwinds and uncertainties. Q: What caused the sharp degrowth in the branded segment of home textiles this quarter, and what is the growth outlook for this segment? A: In India, the branded segment grew annually by 3% despite economic challenges, with a 16% growth in B2C in Q4. The company is targeting a 30% growth in the domestic market this year. The global branded segment remained flat due to order shifts from Q4 to Q1, but overall, the branded business grew by 21% in Q4. Q: Why is the flooring segment struggling despite easing supply chain issues? A: The flooring segment was impacted by tariff uncertainties, leading to cautious order patterns. However, there is optimism due to the China Plus One strategy and partnerships with home improvement chains. Domestic flooring grew by 12% this year, and the company is confident about future growth. Q: How are US tariffs affecting margins and what strategies are in place to mitigate these impacts? A: The US tariffs have introduced uncertainty, but the company is working closely with customers and consulting with a big four firm to minimize impacts. The company has diversified its revenue mix, reducing US dependency from 80% to 60-65%, and is focusing on growth in other regions like the UK and Europe. Q: What is the impact of the UK Free Trade Agreement (FTA) on Welspun's business, and are there opportunities in flooring in the UK? A: The UK FTA presents a significant opportunity, leveling the playing field with Pakistan and Bangladesh. The company is seeing positive retailer engagement and expects growth in towels, sheets, and flooring. The FTA will enhance competitiveness and market share in the UK and Europe. Q: What are the company's plans for capacity expansion to meet new demand in the EU? A: Welspun is increasing its capacity by 10% with a new plant expected to start soon, and additional capacity by Q3 to Q4. This expansion will support growth in all markets, including the UK, leveraging the opportunities presented by the FTA. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Express Tribune
25-03-2025
- Business
- Express Tribune
WASA tightens noose on defaulters
The Water and Sanitation Agency (WASA) has exceeded its revenue recovery target by collecting Rs1,697 million (Rs1.697 billion) over the past eight months, compared to the set target of Rs1,581m. The agency has decided to tighten its actions against defaulters by disconnecting their water supply connections and sewerage services. A meeting to review WASA's revenue recovery performance was held under the chairmanship of Managing Director Muhammad Saleem Ashraf. The meeting was attended by the Director of Revenue, Deputy Director of Revenue, and other relevant revenue staff. During the meeting, the Director of Revenue presented a report. The MD said that the revenue recovery target for the first eight months of the current financial year was Rs1,581m, but as of February 28, 2025, Rs1,697m had been recovered, exceeding the target by Rs116m. Furthermore, last month, a record recovery of over Rs250m was made, and so far this month, over Rs210m has been recovered despite the ongoing month of Ramazan. Ashraf expressed confidence that the recovery target would be met in the coming days. During the meeting, the MD praised the staff and officers who demonstrated excellent performance in revenue recovery and commended their efforts. At the same time, staff and officers with lower recovery rates were warned and instructed to improve their performance. The MD emphasised that WASA is a self-financing institution and that all its expenses were met through its own resources, so there would be no tolerance for any shortfall in revenue recovery. The MD gave a special ultimatum to all officers to ensure 100% recovery of dues from defaulters and instructed the Revenue Director and Deputy Directors to immediately disconnect the services of defaulters. The MD also announced that this would be the final warning for defaulters to clear their outstanding dues. After this, penalties for late fees, restrictions on installment payments, property confiscation, arrests, and disconnection of water and sewerage services would be enforced. He urged WASA customers to pay their dues on time to demonstrate responsible citizenship. He also reaffirmed his commitment that the crackdown would continue until the last defaulter is dealt with, stressing that no pressure would be tolerated in this regard. The Managing Director also assured the public that the crackdown on defaulters would be carried out with full transparency and accountability. He urged all WASA customers to cooperate by settling their outstanding bills promptly to avoid the penalties and service disruptions.
Khaleej Times
20-03-2025
- Business
- Khaleej Times
Al Mal Capital REIT announces Dh20.55 million final dividend for the financial year 2024
Al Mal Capital REIT (AMCREIT), the first REIT listed on DFM, regulated by the Securities and Commodities Authority, and managed by Al Mal Capital PSC, a subsidiary of Dubai Investments, has announced the final dividend for financial year 2024 amounting to Dh20,555,595 (as against Dh15,416,697 for six months ended 30 June 2024). The final dividend of Dh4.00 fils per unit is a milestone distribution, as it is on the enhanced unitholders' capital of Dh513,889,872 raised through a rights issue in April 2024. The final dividend of Dh4.00 fils per unit combined with the interim dividend of Dh3.0 fils per unit paid in August 2024 has ensured that AMCREIT continues with its commitment of target annualized yield of 7.0 per cent to the unitholders. AMCREIT will pay the interim dividend to the unit holders with the entitlement date set for March 27, 2025. AMCREIT delivered yet another strong financial performance for year ended 31 December 2024. In line with its strategy of growing its portfolio in the mandated sector of Education, AMCREIT completed the acquisition of Carnation Education LLC ('Carnation'), thus enhancing its overall investment portfolio. The balance sheet of AMCREIT surpassed Dh1 billion in 2024 with the investment properties valued at Dh993 million (as against Dh578 million as of 31 December 2023). With the acquisition of Carnation (owner of Kent College Dubai), AMCREIT's net property income touched Dh65.6 million for the full year 2024, which represented an increase of c. 47 per cent over the corresponding period of twelve months ended 31 December 2023. The total comprehensive income for the full year 2024 was Dh61.9 million, an increase of c.80 per cent vis-à-vis the previous financial year 2023. AMCREIT's core focus in growing its portfolio in the mandated sectors supports its vision of providing its investors access to an asset class with strong fundamentals and sustained growth. AMCREIT's investment properties neared c. Dh1 billion, a significant milestone given the first acquisition was completed towards the end of financial year 2021. The REIT's portfolio comprises five school campuses including two in Ajman (operated by Al Shola Group), two in Sharjah (operated by GEMS Education) and one in Dubai (operated by Aldar Education). Naser Al Nabulsi, Vice Chairman and CEO of Al Mal Capital PSC said: 'AMCREIT has delivered yet another solid performance in 2024. The year witnessed key successes including enhancement of the capital base with new investor participation, acquisition of another K-12 school taking the overall assets to five school campuses and the continued dividend distribution to the unitholders. AMCREIT believes in sustainable value creation to its unitholders and in line with this, the final dividend distribution of Dh4 fils per unit reiterates the commitment to deliver the target annualized yield of 7.0 per cent for 2024.
