Q2 2025 Kriti Industries (India) Limited Earnings Call Transcript
Key Points
- Kriti Industries (India) Ltd (BOM:526423) reported a 25% growth in volume for its building products business compared to the same quarter last year.
- The agricultural business also saw an 18% increase in volume, indicating strong performance in this segment.
- The company is strategically focusing on quality and premium products, particularly in the column pipes segment, which is expected to drive future growth.
- Kriti Industries is planning significant capital expenditure to expand its capacity, with a clear roadmap expected by January.
- The company has raised INR37 crores through QIP, which will be utilized for working capital and CapEx, indicating a strong financial strategy for growth.
- The overall sales volume decreased from 11,150 metric tonnes in Q2 FY24 to 10,055 metric tonnes in Q2 FY25, reflecting a decline in total sales.
- Raw material prices, particularly PVC, saw a sharp decline, negatively impacting profitability and sales.
- The institutional business segment experienced a significant decline, with a 67% decrease in revenue during the quarter.
- The company's revenue growth was limited to 1% due to a 13% and 20% drop in prices for the agri and building products businesses, respectively.
- There is uncertainty regarding the impact of potential additional dumping duties on raw materials, which could affect future pricing and profitability.
Ladies and gentlemen, good day, and welcome to Kriti Industries Limited Q2 FY25 earnings conference call. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Mr. Miraj Shah from Arihant Capital. Thank you, and over to you, sir.
Thank you, Tanmaya. Good afternoon, everyone, and welcome to the Q2 FY25 earnings conference call of Kriti Industries. Today from the management, we have Mr. Shiv Singh Mehta, Chairman and Managing Director; and Mr. Rajesh Sisodia, our CFO.
Without further ado, I'll hand over the call to Mr. Shiv Singh Mehta for his opening remarks. Thank you, and over to you, sir.
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Thank you. Good afternoon, everyone, and welcome to the earnings conference call of Kriti Industries India Limited for the second quarter of the financial year 2025.
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