Q1 2025 Ganesha Ecosphere Ltd Earnings Call Transcript
Key Points
- Ganesha Ecosphere Ltd (BOM:514167) achieved a 45.2% year-on-year increase in EBITDA, reaching INR24.95 crore.
- The company reported a net profit of INR21 crore, which is 2.4 times higher than Q1 FY24.
- Capacity utilization for the quarter was at 106%, with a production of 28,270 tons, marking a 4.5% increase over the last quarter.
- Subsidiaries achieved higher EBITDA of INR22.74 crore, registering an 18% growth over the last quarter.
- The third production line of rPET granules has become operational and is expected to ramp up production by September, improving earnings.
- The textile industry is struggling with overcapacity and cheap imports from China, leading to pricing and demand pressures.
- A sudden spike in exports of washed PET flakes to the US and Europe increased raw material costs by 10%, which could not be passed on to customers.
- Sea freight costs have increased significantly due to geopolitical tensions and Chinese demand, impacting export delivery costs.
- The ramp-up of the second production line of rPET granules was slower than expected due to technical issues and delayed price adjustments.
- Political crises in Bangladesh are affecting exports, adding uncertainty to future earnings.
Ladies and gentlemen, good day and welcome to Ganesha Ecosphere Limited Q1 FY25 earnings conference call hosted by Antique Stock Broking Limited. (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, Neerav. On behalf of Antique Stock Broking, warm welcome to all the participants on the 1Q FY25 earnings call of Ganesha Ecosphere. Today we have Mr. Gopal Agarwal, CFO; Mr. Prashant Khandelwal, Senior Vice President and Mr. Yash Sharma, Director; Ganesha Ecopet from the Management.
Now, I would like to handover the call to Mr. Agarwal for opening remarks, post which we will open the floor for Q&A. Thank you and over to you, Gopal-ji.
Yeah, thanks Manish and Antique stock broking for hosting us. Good afternoon to all the participants and I extend a warm
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