Q3 2024 Century Textiles and Industries Ltd Earnings Call Transcript
Key Points
- Consolidated turnover for Q3 FY24 stood at INR1,179 crores, showing strong financial performance.
- EBITDA for the quarter grew by 124% year-on-year to INR104 crores, with an EBITDA margin of 17.3%.
- Net profit grew over 10 times year-on-year to INR280 crores, driven by excellent performance in the real estate sector and cost-saving measures in the Pulp and Paper division.
- Real estate sector experienced consistent growth, with revenue growing by 139% year-on-year and 115% quarter-on-quarter to INR86 crores.
- Pulp and Paper division saw a capacity utilization of 104% in Q3 FY24, with production and sales volumes increasing by 16% and 11% respectively over the previous quarter.
- Textile division faced challenges with net sales at INR197 crores and an EBITDA loss of INR19 crores.
- Overall production and sales volume in the textile segment decreased by 4% and 11% respectively over the previous quarter.
- Sales turnover in the textile segment decreased by 14% over the previous quarter, indicating subdued demand.
- Imported pulp, wood, and coal prices are showing an increasing trend, which could impact future profitability in the Pulp and Paper division.
- Export demand in the Tissue segment remained subdued due to pricing pressures in the UAE, and disturbances in Europe and the USA could cause supply chain disruptions.
Ladies and gentlemen, good day, and welcome to Century Textiles & Industries Limited Q3 FY24 earnings conference call hosted by Ambit Capital. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Mr. Karan Khanna from AMBIT Capital. Thank you and over to you, sir.
Thank you, and good afternoon, everyone. On behalf of Ambit govern, I welcome you all to the Q3 2014 earnings call for Century Dextenza Industries Limited,
From the Management Team today we have Mr. R. K. Dalmia, Managing Director, Mr. Vijay Kaul, Chief Executive Officer of the Pulp and Paper Division, Mr. K. T. Jithendran, Chief Executive Officer of the Real Estate Division and Mr. Snehal Shah â Chief Financial Officer of the company.
I will now hand over the call to the management team for the opening remarks post which we can start the Q&A session. Thank you and over to you.
| 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
