Q4 2024 Ganesha Ecosphere Ltd Earnings Call Transcript
Key Points
- Ganesha Ecosphere Ltd (BOM:514167) achieved a consolidated revenue of INR305.53 crore in Q4 FY24, showing a 7% improvement over the previous quarter.
- The Warangal unit has started contributing significantly with over 80% capacity utilization in its first month of operation.
- EBITDA margins improved to 15.40% on a consolidated basis, up by 137 basis points from the previous quarter.
- The company has achieved almost zero debt status by repaying term debt and setting off working capital borrowings.
- Ganesha Ecosphere Ltd (BOM:514167) is installing a rooftop solar power plant at the Warangal unit to enhance sustainable operations and reduce power costs.
- The textile sector, which constitutes a significant portion of the company's business, is still under pressure with slow demand recovery.
- EBITDA per ton dropped to INR10,012 in Q4 FY24 from INR10,999 in Q3 FY24 and INR11,580 in Q4 FY23.
- The average realization per ton decreased to INR83,190, down by 3% from the previous quarter.
- The company faced delays in approvals for commercialization of products at the Warangal unit, affecting initial performance.
- Inventory levels have been higher due to slow-moving textile business, impacting working capital cycles.
Ladies and gentlemen, good day, and welcome to the Ganesha Ecosphere Limited 4Q FY24 earnings conference call hosted by Antique Stock Broking. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Mr. Manish Mahawar from Antique Stock Broking. Thank you, and over to you, sir.
Thank you. On behalf of Antique Stock Broking, I would like to welcome all the participants on the 4Q FY24 earnings call of Ganesha Ecosphere. Today, we have Mr. Gopal Agarwal, CFO; Mr. Prashant Khandelwal, Senior Vice President; Mr. Yash Sharma, Director, Ganesha Ecopet from the management.
Now I would like to hand over the call to Mr. Agarwal for opening remarks, post which we will open the floor for Q&A. Thank you and over to you, Mr. Agarwal.
Thank you, Manish and Antique Stock Broking for hosting us. Good afternoon to all the participants. And on
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