Q1 2025 Kirloskar Brothers Ltd Earnings Call Transcript
Key Points
- Kirloskar Brothers Ltd (BOM:500241) reported a 15% year-on-year growth in revenue for Q1 FY25, reaching INR1,031 crore.
- The company's EBITDA for the quarter grew by 10% year-on-year to INR127 crore, with an EBITDA margin of 12.3%.
- The domestic business achieved an 18% year-on-year growth, driven by sustained demand for made-to-order and engineered-to-order products.
- The company has a robust order book, with standalone pending orders valued at INR1,956 crore as of June '24.
- International business reported a 9% growth, with significant contributions from Kirloskar Brothers Thailand Limited and SPP USA.
- SPP PUMPS UK experienced a decline in growth due to delays in order execution caused by supply chain issues.
- Other expenses increased due to investments in technology and system automation, impacting overall profitability.
- Employee expenses saw an uptick due to annual salary increments and associated provisioning for retirals.
- Profit from associates was negative INR51 million, primarily due to delays in order execution at Kirloskar Ebara.
- Supply chain issues, particularly with an American engine supplier, have caused delays in fulfilling large offshore packages.
Ladies and gentlemen, good day, and welcome to Kirloskar Brothers Limited Q1 FY25 earnings conference call. This conference call may contain forward-looking statements about the company, which are based on the beliefs, opinions, and expectations of the company as on 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. Sanjay Kirloskar, Chairman and Managing Director from Kirloskar Brothers Limited. Thank you, and over to you, sir.
Thank you. Good afternoon, everyone. On behalf of Kirloskar Brothers Limited, I extend a very warm welcome to everyone who's joining us on our call today. I hope you've had an opportunity to go through the financial results and the investor presentation, which have been uploaded on the stock exchanges and the company's website.
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