Q4 2024 Century Textiles and Industries Ltd Earnings Call Transcript
Key Points
- Consolidated turnover of continuing operations grew by 60% year on year to INR1,542 crores.
- EBITDA for the quarter increased by 81% YoY to INR282 crores with an EBITDA margin of 18.3%.
- Real Estate division saw substantial revenue growth to INR668 crores with an EBITDA margin of 30.5%.
- Successful launch of new phase of Birla Niyaara at Worli in Mumbai, resulting in sales worth INR2,391 crores within a month.
- Pulp and Paper segment saw a 6% year-on-year increase in production volume and a 13% increase in sales volume.
- Net loss for the quarter from discontinued operations amounted to INR140 crores.
- Paper, board, and tissue prices continued to decline, impacting sales turnover and EBITDA.
- Supply chain disruptions and increased prices of key raw materials affected the cost of production in the Pulp and Paper segment.
- Textile division faced continued operational losses, leading to the decision to discontinue operations at the Birla Century Bharuch plant.
- Increased competition and rising land prices are making it more challenging to secure new real estate deals.
Ladies and gentlemen, good day, and welcome to Century Textiles and Industries Q4 FY24 Earnings Conference Call hosted by Antique Stockbroking. (Operator Instructions) Please note that this conference is being recorded. I now hand the conference over to Mr. Biplab Debbarma from Antique Stockbroking. Thank you, and over to you, sir.
Thank you, Steve. Good afternoon, everyone, and welcome to the Q4 FY24 Earnings Call of Century Textiles and Industries hosted by Antique Stockbroking. Today, we have with us the management of the company represented by Mr. R. K. Dalmia, Managing Director; Mr. K.T. Jithendran, CEO, Real Estate Division; and Mr. Snehal Shah, CFO. Without further ado, let me hand over the call to Mr. Dalmia. Over to you, sir.
Thank you. Good evening, everyone, and welcome to the earnings conference call for the fourth quarter of the financial year 2024. Let me first take you all
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