Q2 2025 Nelcast Ltd Earnings Call Transcript
Key Points
- Nelcast Ltd (BOM:532864) is optimistic about future demand, anticipating a resurgence post the US election period and with new emission norms expected to stimulate the market by 2026.
- The company is actively developing new products, which are progressing as planned, and expects to secure more orders in the next 2 to 3 quarters.
- Nelcast Ltd (BOM:532864) is exploring new export markets and aims to increase its export share from 36% to 50% in the future.
- The company has successfully reduced its long-term borrowings, improving its debt-to-equity ratio from 0.63 to 0.57.
- Nelcast Ltd (BOM:532864) has completed the sale of approximately 50 acres of land, which could positively impact cash flow.
- The company faced a contraction in commercial vehicle demand and a slowdown in export demand, particularly from the US, affecting sales volumes and price realizations.
- The domestic tractor market has shown a flat trend, impacting performance metrics.
- Nelcast Ltd (BOM:532864) reported a decline in total income for Q2 and H1 FY25 compared to the previous year.
- EBITDA for Q2 FY25 decreased to 26 crores from 36 crores last year, and the half-year EBITDA also saw a decline.
- The company is experiencing volatility in export markets, with anticipated softness in the current quarter and uncertainty in projecting H2 performance.
Ladies and gentlemen, good day and welcome to NCAS Limited Q2 and H1 FY25 earnings conference call.
As a reminder, all participant lines will be in the listen-only mode and there will be an opportunity for you to ask questions after the presentation concludes.
Should you need assistance during the conference call? Please signal an operator by pressing star then zero on your Touchstone phone. Please note that this conference is being recorded.
I now hand the conference over to Mr Abhishek BHA from Eny Investor Relations. Thank you and over to you, sir.
Thank you. Good morning, everyone on behalf of NCAS Limited. I welcome you all to the company's quarter two and H1 F 525 earnings conference call.
You would have already received the results and investor presentation which is also available in our filings with exchange to discuss the company's business performance during the quarter and outlook we have with us today, Mr PD, managing director and Chief Executive
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