Q4 2024 GHCL Ltd Earnings Call Transcript
Key Points
- GHCL Ltd (BOM:500171) reported higher sales and margins in Q4 FY24 due to increased volumes and lower input costs.
- The company achieved a 9% CAGR in revenue and a 6% CAGR in EBITDA from FY 2019 to FY 2024.
- GHCL Ltd (BOM:500171) is making progress on its Greenfield soda ash project and expects to obtain final approval soon.
- The company successfully installed 6.7 megawatts of renewable energy in FY24, demonstrating its commitment to sustainability.
- GHCL Ltd (BOM:500171) is a net debt-free company with a net cash surplus of around INR701 crores at the year-end.
- Revenue for Q4 FY24 was lower compared to the corresponding quarter of the previous year, primarily due to increased imports from Turkey, USA, and Russia.
- EBITDA for the quarter stood at INR201 crores, significantly lower than INR371 crores in Q4 FY23.
- The global soda ash market is currently oversupplied, putting pressure on realizations and margins.
- The company faces challenges from higher imports, particularly affecting the solar glass segment.
- There is uncertainty in the global supply chain due to geopolitical tensions, impacting the overall market sentiment.
Ladies and gentlemen, welcome to the Q4 FY24 results conference call of GHCL Limited, hosted by Emkay Global Financial Services. (Operator Instructions) Please note that this conference is being recorded. I would like to hand the conference over to Mr. Meet Vora from Emkay Global Financial Services. Thank you, and over to you, sir.
Thank you. Good evening, everyone. Thank you for joining us on GHCL Q4 and FY24 results conference call. I would like to welcome the management and thank them for giving us this opportunity to host them. We have with us today Mr. R. S. Jalan, Managing Director; and Mr. Raman Chopra, CFO and Executive Director of Finance.
Before we begin this call, I would like to point out that some statements made in this call may be forward-looking, and a disclaimer to this effect has been included in the earnings presentation shared with you earlier. I shall now hand over the call to the management for their opening remarks. Thank you, and over to you, sir.
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