Q4 2024 Styrenix Performance Materials Ltd Earnings Call Transcript
Key Points
- Sales volume grew by 10.7% year-over-year to 165 kt for FY24, and by 25% compared to the preceding quarter.
- Awarded a contract to Mott MacDonald Private Limited to increase ABS production capacity to 210 kt by FY28.
- Maintained EBITDA margins despite dynamic market conditions, demonstrating operational efficiency.
- Revenue for Q4 FY24 increased to INR599 crores from INR485 crores in Q3 FY24.
- Introduction of two new brands, STYROLOY and ASALAC, aimed at enhancing market presence and revenue streams.
- Revenue for FY24 decreased to INR2,222 crores from INR2,372 crores in FY23.
- PBITDA for FY24 remained steady at INR273 crores, down from INR290 crores in FY23.
- Q-o-Q drop in spread due to product mix changes and operational disruptions.
- Higher product prices and margins seen during COVID-19 have normalized, impacting overall revenue and margins.
- Significant CapEx required for capacity expansion, with detailed cost estimations still pending.
Ladies and gentlemen, good day, and welcome to Q4 and full-year FY24 conference call of Styrenix Performance Materials Limited. (Operator Instructions) Please note that this conference is being recorded.
This conference call may contain forward-looking statements, which are based on the beliefs, opinions and expectations of the company as on date of this call. These statements are not the guarantee of future performance, and involve risks and uncertainties that are difficult to predict.
I now hand the conference over to Mr. Amit Sharma from Adfactors PR. Thank you, and over to you, Mr. Sharma.
Thank you, [Riko.] Good afternoon, everyone. I'd like to welcome you all to the Q4 and full-year FY24 earnings conference call of Styrenix Performance Materials Limited.
From the management team, we have with us Mr. Rahul R. Agrawal, the Managing Director; Mr. Bhupesh P. Porwal, the CFO; and Mr. Chintan Doshi, Manager, Legal, and Company Secretary of the company. We shall start the
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
