Latest news with #plywood
Yahoo
23-05-2025
- Business
- Yahoo
Greenpanel Industries Ltd (BOM:542857) Q4 2025 Earnings Call Highlights: Strong Export Growth ...
Release Date: May 22, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Export volumes increased by 34% year-on-year, indicating strong international demand. Domestic MDF realizations rose by 7.4% due to a higher mix of value-added products. Export realizations improved by 9.6% year-on-year, reflecting better pricing strategies. The company expects a 35% volume growth with the new production line, indicating potential for increased market share. Implementation of BIS QCO from February 2026 is expected to boost demand for MDF and plywood. Domestic sales volumes fell by 25% year-on-year due to discontinuation of commercial grade MDF. Plywood volumes decreased by 12% year-on-year, indicating challenges in that segment. Post-tax profits for the quarter decreased by 1% compared to the previous year. Gross margins fell by 900 basis points to 46.9%, indicating increased cost pressures. Net working capital increased by 8 days year-on-year due to lower turnover and high inventory levels. Warning! GuruFocus has detected 5 Warning Sign with BOM:542857. Q: How do you plan to ramp up capacity utilization at the Andhra Pradesh plant, and what impact will this have on costs? A: We expect about 11-12% growth in volumes from existing lines and anticipate 72,000 cubic meters from the new line, leading to a 35% overall volume growth. This should help manage costs effectively. - Managing Director Q: Can you explain the EPCG incentives and their impact on future quarters? A: The total EPCG incentive is about INR 86 crores, with INR 35 crores accounted for in FY25. The remaining INR 51 crores will be recognized over FY26 and FY27, proportionate to sales. - CFO Q: What is the current status of MDF imports in India, and how do you see this trend evolving? A: Imports have significantly decreased, with April figures around 1,100 cubic meters. We do not expect a significant increase in imports moving forward. - CFO Q: What are the expected margins for the export business, and how did they perform in Q4? A: Export volumes are expected to be around 80,000 cubic meters, with Q4 margins at approximately 1.75%. We anticipate improved margins due to better product mix and potential currency benefits. - CFO Q: How do you foresee the demand and supply dynamics for MDF in South India? A: There are about 3-4 MDF manufacturers in South India, with a total supply of approximately 1.3 million cubic meters. Around 35-40% of domestic demand is from South India, and we expect to capture a significant market share due to limited new capacity additions. - 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
New Indian Express
21-05-2025
- New Indian Express
Three from Assam arrested with 65g heroin in Perumbavoor
KOCHI: Three Assam natives were arrested with 65g of heroin at Nedumthodu Junction in Perumbavoor on Tuesday. Abdul Bashar, 30, Bich Milan, 58, and Rustam Ali, 22, all from Nagaon, were nabbed by a special investigation (SIT) team under Perumbavoor ASP Shakti Singh Arya based on confidential information received by Ernakulam rural district police chief M Hemalatha. 'The accused reached Aluva from Assam by train and were travelling to the Allapra region in an autorickshaw,' said an officer with Perumbavoor police station. The SIT seized six boxes of heroin concealed in soap cases from their possession. The officer said Abdul, aka 'Bhandari', is identified as a key link in smuggling heroin from Assam to Kerala. A contractor at a plywood company in Allapra, he used the job as a medium for drug trafficking. 'Bashar revealed that he used to buy a box of heroin for Rs 30,000 and sell it in small containers for Rs 1,000 each,' said an officer. A month ago, he was caught with nine such containers of heroin, he said.
Reuters
06-05-2025
- Business
- Reuters
India's Kajaria Ceramics misses fourth-quarter profit view, exits plywood business
May 6 (Reuters) - India's Kajaria Ceramics ( opens new tab reported fourth-quarter profit well below expectations on Tuesday due to lacklustre prices and demand for its tiles, and said it will discontinue its loss-making plywood business. The company's consolidated net profit dropped more than 58% to 425.2 million rupees ($5 million) in the quarter ended March 31. Analysts, on average, had estimated a profit of 1.01 billion rupees, per data compiled by LSEG. Its stock, which had been trading lower through the day, fell 4% after results. The company has missed profit expectations for all four quarters of fiscal 2025. Losses in its plywood business widened to 307.9 million rupees in the reported quarter, from 26.8 million rupees a year ago. The segment, in which Kajaria competes with the likes of Century Plyboards ( opens new tab and Greenply Industries ( opens new tab, is no longer a "strategic fit" and will be discontinued, it said. Favourable weather in the reported quarter boosted construction activities, benefitting allied sectors, like cement makers. However, with customers increasingly opting for cheaper, unbranded alternatives from unorganised players, tile manufacturers such as Kajaria and peer Somany Ceramics ( opens new tab have been struggling with weak demand for their branded products. "In Q4 FY25, we witnessed very soft demand in the domestic as well as the export market... The industry scenario is a bit challenging," Chairman Ashok Kajaria said in a statement. Its volumes grew 2% in the fourth quarter, missing HDFC Securities' expectations of an 8% volume growth. Revenue rose 1% on-year to 12.22 billion rupees, also missing analysts' estimates of 12.83 billion rupees. ($1 = 84.4110 Indian rupees)
