Q4 2024 Fiem Industries Ltd Earnings Call Transcript
Key Points
- FIEM Industries Ltd (BOM:532768) achieved its highest ever sales, surpassing INR2,000 crore, and a net profit of INR156 crore in FY24.
- The two-wheeler industry is experiencing strong growth, with production volumes reaching 21.5 million units in FY24.
- The company has secured orders from reputed OEMs in the Indian passenger car segment, marking a significant milestone.
- FIEM Industries Ltd (BOM:532768) plans a major capital expenditure program of INR250 crore to INR300 crore over the next three years to drive future growth.
- The company has made significant strides in the four-wheeler passenger car segment in the European market, receiving orders from reputed OEMs.
- Despite consistent bottom-line growth, the company has only achieved lower double-digit top-line growth, raising concerns about its growth strategy.
- There have been apparent delays in the Gogoro project for manufacturing hub motors and motor controllers, with no meaningful contribution to the top line so far.
- The company faces challenges in the competitive four-wheeler segment, which may impact its market position.
- Gross margins have seen a sharp moderation in Q4, with a decrease of almost 200 basis points year-on-year.
- The company has not provided specific guidance on the expected revenue from the four-wheeler segment, indicating uncertainty in this new venture.
Ladies and gentlemen, good day, and welcome to the Fiem Industries Limited Q4 FY24 earnings conference call, hosted by Monarch Networth Capital. This conference call may contain certain forward-looking statements about the company, which are based on beliefs, opinions and expectation of the company as on the date of this call. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to predict. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Mr. Sahil Sanghvi from Monarch Networth Capital. Thank you, and over to you, sir.
Good evening, everyone. On behalf of Monarch Networth Capital, I welcome you all to the Q4 and FY24 conference call of Fiem Industries Limited. We will start the call with the initial comment about the results and the future outlook of the company, and then we will open the floor for question and answers.
So without much delay, now hand over the call to Mr
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