Latest news with #FY25
Yahoo
10 hours ago
- Business
- Yahoo
Greenlam Industries Ltd (BOM:538979) Q4 FY25 Earnings Call Highlights: Navigating Growth Amidst ...
FY25 Revenue: INR2,569 crores, 11% year-on-year growth. Q4 FY25 Revenue: INR682 crores, 9.2% year-on-year growth, 13.2% sequential growth. Gross Margin Q4 FY25: 50.7%, down 230 basis points year-on-year. EBITDA Margin Q4 FY25: 9.4%, down 400 basis points year-on-year. Net Profit Q4 FY25: INR1.5 crore, down from INR40.8 crores in Q4 last year. FY25 Net Profit: INR68.3 crores, 50% decrease from last year. Laminates Revenue Q4 FY25: INR575 crores, 7.2% year-on-year growth. Domestic Laminate Revenue Q4 FY25: 2.6% year-on-year growth. International Laminate Revenue Q4 FY25: 11.7% year-on-year growth. Veneer Business Revenue FY25: INR114 crores, 9.6% decrease from last year. Engineered Flooring Revenue FY25: INR55.6 crores, 8.6% growth from last year. Engineered Doors Revenue FY25: INR46.1 crores, 44% growth from last year. Plywood Revenue FY25: INR123 crores, 112% growth from last year. Chipboard Revenue Q4 FY25: INR5.1 crores. Net Debt as of March 31, 2025: INR989 crores. Final Dividend: 40%, INR0.40 per share. Warning! GuruFocus has detected 3 Warning Signs with BOM:538979. Release Date: June 02, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Greenlam Industries Ltd (BOM:538979) reported a year-on-year revenue growth of 11% for FY25, reaching INR2,569 crores. The company successfully commissioned three new plants, which are expected to significantly boost revenue and profitability over the next three years. The laminates segment showed resilience with domestic and export growth, and the company believes it gained market share. The plywood business nearly doubled its revenue, reaching INR120 crores in FY25, with positive market feedback on product quality. The company reduced its net working capital cycle by 7 days in FY25, indicating improved operational efficiency. Profitability was impacted due to increased costs from expansion initiatives, including higher depreciation and interest costs. EBITDA margin declined by 210 basis points to 10.7% in FY25, and net profit dropped by 50% to INR68.3 crores. The veneer business experienced a small decline, and the flooring segment turned EBITDA negative in the second half of the year. The chipboard segment, despite being newly commissioned, is not expected to break even until FY27, with only 30-40% utilization anticipated in FY26. Debt levels peaked at INR989 crores as of March 31, 2025, with limited reduction expected in the near term due to ongoing CapEx. Q: What caused the 50 basis points dip in gross margin for the laminate segment? Is it due to a change in mix or cost increase? A: The dip is a mix of price changes in some segments and increased stock consumption. A lot of material was consumed from stock, which affected the gross margin slightly. - Ashok Sharma, CFO Q: Can you provide an update on the particleboard business CapEx and expected ramp-up and margins for FY26 and FY27? A: The CapEx remains within the INR875 crores range, with INR775 crores already incurred. We aim for 35%-40% capacity utilization this year, with breakeven expected next year. Full capacity utilization is anticipated in three to four years. - Ashok Sharma, CFO Q: What is the strategy for the engineered floors and doors segments, given the recent performance? A: The floors segment slowed down in the second half of the year, but we have a good backlog of orders. The doors business is performing well. Our strategy focuses on execution, and losses in these verticals have reduced on an annualized basis. - Saurabh Mittal, CEO Q: How do you see the domestic and export laminate volumes growing in the future? A: Last year, domestic laminate revenue grew by 4%, and exports by 14%. We expect better growth this year, with both domestic and export segments contributing to the increase. - Ashok Sharma, CFO Q: What is the expected debt reduction over the next two years? A: This year, debt reduction may not be significant due to ongoing CapEx. However, from next year onwards, with most CapEx completed, we expect to use cash flows to reduce debt, aiming for INR950 crores this year. - Ashok Sharma, CFO 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
Yahoo
10 hours ago
- Business
- Yahoo
Kiri Industries Ltd (BOM:532967) Q4 2025 Earnings Call Highlights: A Turnaround in ...
Standalone Q4 FY25 Revenue: INR186.22 crores, up 19% quarter on quarter. Standalone Q4 FY25 EBITDA: INR8.4 crores, compared to an EBITDA loss of INR10.6 crores in Q4 FY24. Standalone Q4 FY25 Profit After Tax: INR1.8 crores, a turnaround from a loss of INR29 crores in Q4 FY24. Standalone FY25 Revenue: INR655 crores, a 4% year-on-year increase. Standalone FY25 EBITDA Loss: INR44 crores, improved from a loss of INR63 crores in FY24. Standalone FY25 Profit After Tax: INR4.4 crores, reversing a loss of INR94 crores in FY24. Consolidated Q4 FY25 Revenue: INR205 crores, a 6.5% year-on-year decline. Consolidated Q4 FY25 EBITDA Loss: INR5 crores, compared to a loss of INR10 crores in Q4 FY24. Consolidated Q4 FY25 Net Loss: INR64 crores, compared to INR29 crores in Q4 FY24. Consolidated FY25 Revenue: INR740 crores, a 4.4% increase. Consolidated FY25 EBITDA Loss: INR54 crores, improved from a loss of INR60 crores in FY24. Consolidated FY25 Net Loss: INR108 crores, compared to INR91 crores in FY24. DyStar Share of Profit: INR373 crores, with no impact on Kiri's stake valuation. DyStar Stake Sale Agreement: 37.57% stake to Longsheng for $676.3 million, with potential additional $20.3 million. Projected Revenue from Copper and Fertilizer Project: Exceeding INR45,000 crores annually. Funding Facility Secured: USD130 million by Claronex Holdings, backed by corporate guarantee and DyStar shares. Warning! GuruFocus has detected 6 Warning Signs with BOM:532967. Release Date: June 02, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Kiri Industries Ltd (BOM:532967) reported a strong sequential performance with a 19% increase in revenue from operations in Q4 FY25, reaching INR186.22 crores. The company achieved a significant turnaround with a profit after tax of INR1.8 crores in Q4 FY25, compared to a loss of INR29 crores in the same quarter of the previous year. For the financial year ending 2025, the standalone revenue grew by approximately 4% year-on-year, and the EBITDA loss reduced from INR63 crores to INR44 crores. A significant breakthrough was made in the DyStar matter, with a share purchase agreement signed to sell a 37.57% stake for a base consideration of $676.3 million. The company's greenfield project in copper and fertilizer is progressing well, with Phase 1 requiring around INR8,000 crores of investment and projected annual revenue exceeding INR45,000 crores. On a consolidated basis, the revenue from operations for Q4 declined by about 6.5% year-on-year, with an EBITDA loss of around INR5 crores. The net loss for the quarter before the share of profit of associate was about INR64 crores, compared to INR29 crores in Q4 FY24. For the financial year ending 2025, the consolidated net loss increased to INR108 crores from INR91 crores in the previous year. The company faces challenges in securing copper concentrate contracts, with only 50% of the requirement tied up so far. Legal expenses remain significant, although they are expected to reduce by half in the coming quarters. Q: Could you clarify the revenue guidance mentioned in the introductory remarks? A: The company has set a target to achieve INR1,500 crores in consolidated revenue for the next year, with an expected EBITDA margin of 8% to 10% as legal costs decline. - Manishkumar Kiri, Executive Chairman and Managing Director Q: What constitutes the other income, and why has there been a decline in the top line over the past three years? A: The change in top line is due to a shift in accounting practices, where Lonsen Kiri is now consolidated as a share of profit from associates rather than line-by-line. Other income includes dividend income from joint ventures. - Manishkumar Kiri, Executive Chairman and Managing Director Q: Can you provide details on the DyStar sale proceeds and the expected timeline for receiving the funds? A: The sale of a 37.57% stake in DyStar to Longsheng is expected to close by October 2, 2025, with a base consideration of $676.3 million plus an additional $20.3 million potentially payable. There is a 30-day extension period if needed. - Manishkumar Kiri, Executive Chairman and Managing Director Q: What are the plans for the copper and fertilizer project, and how will it impact the company's financials? A: The greenfield project under Indo Asia Copper Limited requires an investment of around INR8,000 crores, with projected annual revenue exceeding INR45,000 crores. The project includes value-added copper products and improved technology for better margins. - Manishkumar Kiri, Executive Chairman and Managing Director Q: How will the company manage the volatility in copper prices, and what is the strategy for sourcing copper concentrate? A: The company plans to mitigate price volatility by focusing on value-added products and efficient sourcing. Contracts for copper concentrate are being secured, with 50% already tied up from regions like Chile, Africa, and Peru. - Manishkumar Kiri, Executive Chairman and Managing Director 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
Entrepreneur
a day ago
- Automotive
- Entrepreneur
Hero MotoCorp Struggles in Scooter Market Despite Aggressive Launch Strategy
Competitors continued to gain ground in the same month. Bajaj Auto reported a 73.2 per cent increase in April scooter sales, TVS rose 23.5 per cent, and Suzuki climbed 9 per cent. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Hero MotoCorp, one of India's top two-wheeler manufacturers, is grappling with a surprising downturn in scooter sales in FY25, even as the broader scooter segment recorded double-digit growth. According to data from the Society of Indian Automobile Manufacturers (Siam), Hero's scooter sales dropped by 2.3 per cent, slipping from 4,00,453 units in FY24 to 3,91,419 in FY25. This slump stands in stark contrast to the 17.4 per cent growth the overall scooter market experienced during the same period, with rival manufacturers making strong gains. Bajaj Auto saw its scooter volumes surge by 139.7 per cent to 2,77,183 units, while Honda Motorcycle & Scooter India (HMSI) posted a 12.4 per cent rise, reaching 2.84 million units. TVS Motor and Suzuki Motorcycle India also logged notable growth at 24.9 per cent and 14.8 per cent, respectively. Hero's decline comes despite the company's aggressive strategy of launching several new scooter models. The Xoom 110 debuted in January 2023, followed by the Destini 125 Prime in August 2023 and the Pleasure Plus Xtec Sports in March 2024. In January 2025, Hero introduced three more models—the Destini 125, Xoom 125, and Xoom 160. But the expanded portfolio has not translated into lasting traction in the market. While the new models briefly lifted Hero's scooter sales—showing 34.9 per cent growth in January 2025, 12.1 per cent in February, and 22.5 per cent in March—the momentum was short-lived. By April 2025, sales plummeted 43.3 per cent year-on-year, from 31,712 units to 17,978. Though the steep drop is partly due to a high base effect, the result remains starkly out of sync with the broader industry trend. Competitors continued to gain ground in the same month. Bajaj Auto reported a 73.2 per cent increase in April scooter sales, TVS rose 23.5 per cent, and Suzuki climbed 9 per cent. Even Ather Energy, the electric scooter company in which Hero has invested, grew its volumes by 44 per cent, delivering 155,405 units. With total scooter sales rising to 6.85 million in FY25, up from 5.84 million in FY24, and motorcycles growing at a slower pace of 5.1 per cent, the market signals a clear consumer pivot toward scooters.
Yahoo
2 days ago
- Business
- Yahoo
Hinduja Global Solutions Ltd (BOM:532859) Q4 2025 Earnings Call Highlights: Navigating ...
Total Income (Q4 FY25): INR1,297.7 crores (USD153.4 million). Operating Revenue (Q4 FY25): INR1,161.1 crores (USD137 million). EBITDA (Q4 FY25): INR279 crores (USD33 million). EBITDA Margin (Q4 FY25): 21.5%. Total Income (FY25): INR4,958 crores (USD586.1 million). Operating Revenue (FY25): INR4,404.2 crores (USD520.6 million). EBITDA (FY25): INR811.8 crores (USD96 million). EBITDA Margin (FY25): 16.4%. PBT (Q4 FY25): INR103.5 crores. PAT (Q4 FY25): Loss of INR1.7 crores. Cash Flow from Operations (FY25): INR457 crores. Total Debt: INR1,187 crores. Net Treasury and Cash Surplus (March 31, 2025): INR5,168 crores. Revenue by Vertical (FY25): Tech, Telecom, and Media - 54%; BFSI - 16%. Client Concentration: Top customer - 8.3%; Top 5 - 21%; Top 10 - 28.5%. Warning! GuruFocus has detected 2 Warning Signs with BOM:532859. Release Date: May 29, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Hinduja Global Solutions Ltd (BOM:532859) reported a total income of INR 1,297.7 crores for Q4 FY25, with an EBITDA margin of 21.5%. The company signed several new clients towards the end of the fiscal year, which is expected to positively impact revenues in the next fiscal year. Hinduja Global Solutions Ltd (BOM:532859) has expanded its AI capabilities, integrating advanced features like language translation and voice authentication into its Agent X platform. The company opened a new tech services center in Bengaluru and a CX hub in Cape Town, indicating growth and expansion in key markets. The Media business showed resilience with improved ARPUs and growth in the broadband segment, despite challenges in the digital television sector. Political uncertainties have led to elongation of the sales cycle, impacting larger deal closures. The company reported a loss of INR 1.7 crores for Q4 FY25, although this was an improvement from the previous quarter. There was a year-on-year drop in operating revenues, primarily due to a decline in the BPM business. Deferred tax provisions significantly impacted the financial results, contributing to the overall loss. The digital television business continues to face headwinds from declining subscriber numbers and increased competition from OTT platforms. Q: Could you elaborate on the performance and potential of the new centers in Bangalore and Cape Town? A: Srinivas Palakodeti, Global CFO, explained that the Bangalore center is focused on tech services for North American business, while the Cape Town CX hub is expanding rapidly, showing strong interest from clients in the UK, US, and Australia. Q: Are there any delays in contract wins, and how is the company addressing this? A: Vynsley Fernandes, Whole-Time Director, acknowledged global market uncertainties causing delays, particularly in larger deals. However, the mid-market segment is showing encouraging momentum with shorter decision cycles. Q: What steps are being taken to improve revenue and margins in the BPM business? A: Srinivas Palakodeti, Global CFO, stated the focus is on growing offshore CX services in lower-cost locations like India, Philippines, and South Africa, which offer better margins. The company is also rationalizing costs and centralizing operations in these regions. Q: How is the Media business planning to increase profitability, particularly in broadband and digital TV? A: Vynsley Fernandes, Whole-Time Director, highlighted the focus on expanding broadband in Tier 2 and Tier 3 markets, leveraging existing digital TV presence, and growing the enterprise segment through CelerityX, which offers higher ARPUs and longer contract durations. Q: What is the strategic vision for HGS in the next few years, particularly regarding cash utilization and business focus? A: Partha DeSarkar, Group CEO, indicated a shift towards increasing the digital business footprint, reducing onshore operations, and focusing on offshore growth. The company plans to use cash reserves for strategic acquisitions in technology services, aiming for a higher digital revenue mix. 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
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Business Standard
2 days ago
- Business
- Business Standard
RBI's interest rate decision, global cues likely to drive markets this week
RBI's interest rate decision, macroeconomic data announcements and global trends are the key factors that would dictate the momentum in the equity market this week, analysts said. Moreover, trading activity of Foreign Institutional Investors (FIIs) and developments on the tariffs front would also guide investors' sentiment, experts noted. "Looking ahead, all eyes will be on the outcome of the RBI's Monetary Policy Committee (MPC) meeting scheduled for June 6. Additionally, with the new month beginning, participants will track high-frequency data including auto sales numbers and other economic indicators. Updates on the progress of monsoon and the trend in FII flows will also be closely monitored," Ajit Mishra SVP, Research, Religare Broking Ltd, said. Globally, developments in the US bond market and any updates regarding the ongoing trade negotiations will continue to influence investor sentiment, he added. The Indian economy expanded at a faster pace than expected in the last quarter of the 2024-25 fiscal, helping clock a 6.5 per cent growth rate in the year that elevated its size to USD 3.9 trillion and held promise of crossing the world's fourth-largest economy Japan in FY26. The economy grew at 7.4 per cent in January-March - the fourth and final quarter of April 2024 to March 2025 fiscal (FY25) - reflecting a strong cyclical rebound that was helped by a rise in private consumption and robust growth in construction and manufacturing. Meanwhile PMI (Purchasing Managers' Index) data for manufacturing and services sectors to be announced this week would also influence trading in the market. "This week, interest rate-sensitive sectorsparticularly PSU banksare likely to remain in focus amid growing hopes of an RBI rate cut. Additionally, the release of monthly auto sales and volume data could trigger sector-specific moves in the automobile space," Siddhartha Khemka, Head - Research, Wealth Management, Motilal Oswal Financial Services Ltd, said. Last week, the BSE benchmark declined 270.07 points or 0.33 per cent and the NSE Nifty dipped 102.45 points or 0.41 per cent. Vinod Nair, Head of Research, Geojit Investments Limited, said, "The market is pricing in a 25 bps cut, which will improve the outlook for rate-sensitive sectors. The positive macroeconomic scripts can boost investor sentiments, but stability in the broader market will be contingent on strong earnings growth and receding trade tensions.
