Kirloskar Pneumatic Co Ltd (BOM:505283)

Q4 2024 Kirloskar Pneumatic Company Ltd Earnings Call Transcript

Apr 25, 2024 / 10:30AM GMT

Release Date Price: ₹456.5 (+14.73%)

Transcript

Key Points

Positve

Strong domestic sales growth with new order bookings reaching an all-time high of INR1,770 crore, nearly INR500 crore higher than the previous year.
Pre-tax profit increased by 24% to INR170 crore, driven by a favorable product mix and greater in-house manufacturing.
The company enhanced its in-house manufacturing capabilities, reducing costs and offering quicker deliveries.
CapEx spend of INR61 crore aimed at enhancing capability to deliver over INR500 crore of sales per quarter.
The company declared a final dividend of INR4 per share, taking the total dividend for the year to INR650, which is 325%.

Negative

Export sales were significantly lower, at INR69 crore, nearly INR100 crore less than the previous year.
Overall sales growth was muted at INR1,323 crore, only 7% higher than the previous year.
Intense competition in the air compressor space, with nearly all global players driving for market share.
Refrigeration package sales were affected by delays in delivery of compressors from Europe and clearance issues from EPC contractors.
The company does not expect significant improvement in export sales for FY25 due to the current situation in the region.

Operator

Ladies and gentlemen, good day and welcome to Kirloskar Pneumatic Company Ltd Q4 FY24 earnings conference call hosted by Antique Stock Broking. (Operator Instructions) Please not that this call is being recorded. I now hand the conference over to Mr. Amit Shah from Antique Stock Broking. Thank you and over to you sir.

Amit Shah

Antique Stock Broking Limited - Analyst

Yeah. Thank you. Good evening, everyone. On behalf of Antique Stock Broking Limited, I welcome you all to our Q4 FY24 earnings call of Kirloskar Pneumatic Company Limited. To discuss the results from the management, we have Mr. K. Srinivasan, Managing Director; and Mr. Ramesh Birajdar, CFO of the company.

I'll hand over the call to Mr. K. Srinivasan for his opening remarks, post which we can open the floor for Q&A. Over to you, sir.

K. Srinivasan

Kirloskar Pneumatic Company Ltd - Managing Director, Executive Director

Yeah, thank you, Amit, good evening to all of you. Thanks for joining this call. Let me at the outset wish you all a

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