Q2 2025 Steel Strips Wheels Ltd Earnings Call Transcript
Key Points
- Steel Strips Wheels Ltd (BOM:513262) reported an improvement in EBITDA margin to 11.33% in H1 FY25, up from 11.19% in the same period last year.
- The company has seen a 10% increase in sales volume for alloy wheel rims in H1 FY25 compared to the same period last year.
- There has been a significant reduction in overall debt, decreasing by INR121 crore from Q4 FY24 to Q2 FY25.
- The company is optimistic about the commercialization of its new aluminum knuckle business, which is expected to begin next quarter.
- Steel Strips Wheels Ltd (BOM:513262) is targeting a 50% growth in alloy wheel exports for the current financial year.
- Revenue for the current quarter decreased to INR1,095 crore from INR1,134 crore in Q2 FY24.
- Export revenue for Q2 FY25 declined to INR150 crore from INR177 crore in Q2 FY24, reflecting ongoing global challenges.
- The company acknowledges that achieving the earlier export revenue guidance of INR650 crore to INR700 crore for the full year is challenging.
- The domestic commercial vehicle demand has been down by 15% to 16% in the first half of FY25.
- Steel Strips Wheels Ltd (BOM:513262) faces pricing pressure in the export market due to competition from countries like Vietnam and Thailand.
Ladies and gentlemen, good day, and welcome to Steel Strips Wheels Limited Q2 FY25 Post Results Conference Call hosted by SMIFS Limited. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Mr. Amit Hiranandani from SMIFS Limited. Thank you. And over to you, sir.
Thank you, Sajal. Good morning and festive greetings to everyone on this call. On behalf of SMIFS Limited, I welcome you all to Q2 FY25 Conference Call of Steel Strips Wheels Limited. We are pleased to host the senior management of the company. Today, we have with us Mr. Mohan Joshi, Deputy Managing Director; Mr. Naveen Sorot, CFO; and Mr. Pranav Jain, DGM Finance. .
We will start the call with initial commentary from the management, and then we will open the floor for Q&A. Before I hand over the call to the management, I would like to congratulate to Mohan sir, on his promotion to Deputy Managing Director. Now I hand over the call to the management team. Over to you, sir.
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