Latest news with #IFGLRefractories
Yahoo
27-05-2025
- Business
- Yahoo
IFGL Refractories Ltd (BOM:540774) Q4 2025 Earnings Call Highlights: Strong Domestic Growth ...
Consolidated Revenue Growth: 1% for the full year FY25. Consolidated EBITDA Margin: 8.7% for Q4 FY25. Stand-alone Revenue: INR 1,014 crores for the full year, marking an 11% year-on-year growth. Stand-alone Q4 Revenue: INR 273 crores, a 26% increase year-on-year. Stand-alone EBITDA Margin: 14% for the full year, 15% for Q4 FY25. Domestic Revenue Growth: 27% in Q4 FY25, 20% for the full year. Export Revenue: 36% growth in Q4 FY25, 6% decline for the full year. Dividend: INR 7 per equity share, including a final dividend of INR 1 per equity share. Bonus Issue: Proposed 1:1 bonus equity share. Cash and Cash Equivalents: INR 168 crores as of March '25. Debt: INR 34.4 crores. ROCE: 6.3%. ROE: 3.9%. Warning! GuruFocus has detected 2 Warning Signs with EH. Release Date: May 26, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. IFGL Refractories Ltd (BOM:540774) achieved a 26% revenue growth on a stand-alone basis for Q4 and an 11% growth for the full year, driven by a strategic focus on the Indian market. The company reported its highest ever full-year revenue of INR1,014 crores on a stand-alone basis, marking an 11% year-on-year growth with strong EBITDA margins of 14%. A dividend of INR7 per equity share has been recommended, reflecting a 70% payout for FY 2024-25, demonstrating the company's commitment to shareholder returns. The Board has approved a bonus issue in the ratio of 1:1, indicating confidence in the company's growth trajectory and intent to reward shareholders. IFGL Refractories Ltd is expanding into new segments such as nonferrous refractories and has initiated a joint venture to scale rapidly in high-potential sectors like cement and glass. The company faced significant headwinds in international markets, particularly in Europe, with operations in Germany being heavily impacted by weak demand in the foundry segment. US operations experienced a decline due to sluggish demand, although early signs of recovery are now visible. The company's export business declined by 6% for the full year, largely due to economic slowdown and demand compression across key overseas markets. Working capital saw a sharp increase due to strategic stock build-up and early receipt of stock, which is expected to be a temporary issue. Raw material price volatility, particularly in fused magnesia and alumina, poses a challenge, although the company plans to mitigate this through price increases to customers. Q: Can you provide more details on the drivers of the stand-alone business growth? Is it mainly from existing products or new ones? A: The growth is driven by ramping up our Visakhapatnam plant, entering the non-ferrous sector, and acquiring new customers. We started the magnesia carbon brick business and expanded our customer base from 9-10 sites to 17. Non-ferrous products like alumina monolithic and bricks contributed around INR10 crores, indicating future growth potential. Q: What is the CapEx target for FY26 and FY27? A: We expect a cash outflow of around INR55 crores, with a total CapEx of INR90 crores spilling into FY27. This includes regular CapEx for quality and productivity enhancements and the Khurdha greenfield project, which will require INR40-50 crores this year. Additional funds will be allocated to the JV, totaling roughly INR100-150 crores for FY26. Q: There has been a sharp increase in working capital this year. Can you explain why and how it will be managed? A: The increase is due to strategic stock buildup and new operations. Some stock was received earlier than expected, adding to working capital. This is temporary, and we plan to reduce it as operations ramp up, particularly at the Visakhapatnam plant. Q: What is the outlook for the foundry business in Hofmann, given the negative industry outlook? A: The foundry business is challenging, but we are optimistic due to potential infrastructure and military investments in Germany. We had a good month in April, and while the situation is difficult, we hope for a turnaround with government support. Q: How do you plan to counter Chinese competition in the dead burn bricks and cement bricks market? A: We will be one of three major players in a concentrated market, allowing better negotiation and profitability. The market potential is expected to double by the time our plant is commissioned, providing significant opportunities. 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
Business Standard
26-05-2025
- Business
- Business Standard
IFGL Refractories consolidated net profit declines 32.78% in the March 2025 quarter
Sales rise 13.86% to Rs 448.53 crore Net profit of IFGL Refractories declined 32.78% to Rs 8.43 crore in the quarter ended March 2025 as against Rs 12.54 crore during the previous quarter ended March 2024. Sales rose 13.86% to Rs 448.53 crore in the quarter ended March 2025 as against Rs 393.94 crore during the previous quarter ended March 2024. For the full year,net profit declined 47.37% to Rs 42.98 crore in the year ended March 2025 as against Rs 81.67 crore during the previous year ended March 2024. Sales rose 0.83% to Rs 1653.03 crore in the year ended March 2025 as against Rs 1639.49 crore during the previous year ended March 2024. Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 448.53393.94 14 1653.031639.49 1 OPM % 7.418.83 - 7.789.42 - PBDT 32.7538.65 -15 132.28162.10 -18 PBT 12.7921.20 -40 59.5497.83 -39 NP 8.4312.54 -33 42.9881.67 -47
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Business Standard
12-05-2025
- Business
- Business Standard
Dividend, rights issue: Godrej Consumer, 2 others to go ex-date on May 13
Shares of Godrej Consumer Products, IFGL Refractories, and Yamini Investments Company are expected to remain in focus during today's trading session, as they will trade ex-date tomorrow, Tuesday, May 13, 2025, following their corporate announcements. Among them, Godrej Consumer Products and IFGL Refractories will trade ex-dividend, while shares of Yamini Investments Company will turn ex-date following the announcement of a rights issue. According to the BSE data, Godrej Consumer Products has announced an interim dividend of ₹5 per share for its shareholders. The company has set the record date for Tuesday, May 13, 2025, to determine shareholder eligibility for the dividend. IFGL Refractories, on the other hand, has announced a slightly higher interim dividend of ₹6 per share for its shareholders, with the record date also set for Tuesday, May 13, 2025. Meanwhile, Yamini Investments Company has announced a rights issue of fully paid-up 39,42,94,800 equity shares of face value ₹1 each at a premium of ₹0.20 per share, aggregating ₹47.31 crore (₹ 47,31,53,760). The issue price will be ₹1.20 per equity share (including the premium of ₹0.20 per share) in a rights entitlement ratio of 3 equity shares for every 4 equity shares held by eligible equity shareholders as of the record date, with the right to renounce. Yamini Investments Company has set the record date for Tuesday, May 13, 2025, to determine the shareholders eligible for the rights issue. The ex-date is when a stock begins trading without the entitlement to dividends or rights issues. Thus, to qualify for these corporate actions, investors need to own the stock before the ex-date. Companies, however, declare the beneficiaries of dividends and rights issues based on the list of shareholders recorded by the end of the record date.
Business Standard
21-04-2025
- Business
- Business Standard
IFGL Refractories receives approval for setting up factory at Khurdha, Odisha
IFGL Refractories announced that Industrial Promotion & Investment Corporation of Odisha, being designated Nodal Agency of State Level Single Window Clearance Authority of Government of Odisha for Investment Promotion has approved Company's application for setting up manufacturing facility for a) Dolo Burnt Magnesia (DBM) Fired Bricks b) DBM Ramming Mass and c) DBM Fetting Mass at plot of land measuring more or less Ac. 16.40 in Village: Goudaput under Khordha Tahasil in the District of Khurdha, Odisha allotted by Odisha Industrial Infrastructure Development Corporation. Powered by Capital Market - Live News
