Q3 2025 Electrosteel Castings Ltd Earnings Call Transcript
Key Points
- Electrosteel Castings Ltd (BOM:500128) reported a total income of INR 1,816 crores for Q3 FY25, indicating a robust financial performance despite a 4% decline due to a shutdown.
- The company's DI pipe sales volume reached 177,000 tons in Q3 FY25, with exports contributing 14% to the total volume.
- The company's long-term credit rating was upgraded by CRISIL from AA- to AA, reflecting improved financial stability.
- The ongoing brownfield expansion is expected to increase DI pipe manufacturing capacity to 1 million tons by March 2026, with significant progress already made.
- The demand for DI pipes and fittings remains strong, driven by government initiatives like river linking and infrastructure projects, providing a positive outlook for future growth.
- The company's total income for Q3 FY25 was down 4% compared to the previous year, primarily due to a shutdown of the MBF at the South unit.
- There was a minor delay of 2 to 3 months in the brownfield expansion project due to manpower shortages and equipment supply delays.
- The company experienced a production loss of approximately 18,000 tons due to an 8-day shutdown, impacting revenue by around INR 45 crores.
- There is a temporary slowdown in government spending on infrastructure, affecting the order book and demand for DI pipes.
- The company faced challenges in the US market due to potential tariffs and a preference for local products, impacting export business.
Ladies and gentlemen, good day. And welcome to the Q3 and nine-month FY25 earnings conference call of electrosteel Castings Limited.
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 call? Please signal an operator by pressing star then zero on your touchtone phone.
I now hand the conference over to Mr Vikas Verma from Eyl LP. Thank you and over to you, sir.
Thank you. Good evening, everyone on behalf of Electricity Castings Limited. I welcome you all to the company's quarter three and nine month F I 25 earnings call to discuss the performance of the company and to answer the questions we have with us from the management team, Mr Ma Kejriwal, full time director, Mr Sunil Katyal, whole time director and CEO Mr Asit to Shawal whole time director and Chief Financial Officer and Mr Gaurav Somani, General Manager of Finance.
Before we proceed with this call, I
| 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
