Q3 2024 NDR Auto Components Ltd Earnings Call Transcript
Key Points
- NDR Auto Components Ltd (BOM:543214) reported a 31.7% year-on-year increase in total revenue for Q3 FY '24, reaching INR 141.06 crores.
- EBITDA for Q3 FY '24 increased by 56.46% to INR 13.73 crores, with EBITDA margins improving to 9.73%.
- The company has been impaneled as a supplier to Hyundai Transys to supply seat trims to Kia, starting January 2025.
- NDR Auto Components Ltd (BOM:543214) entered into a technical assistance agreement with Hayashi Telempu for the supply of sunshades to Maruti Suzuki and Toyota Kirloskar Motor.
- Utilization rates at the company's facilities in Haryana, Bangalore, and Gujarat stood at 70% to 80%, indicating room for growth with existing capacities.
- The company experienced a quarter-on-quarter revenue decline from September to December, attributed to seasonal holidays and block shutdowns.
- Margins for the new Kia trims business are expected to be slightly lower than the company's current 10% margin.
- The company did not provide specific revenue mix details for the new initiatives during the call.
- There is a dependency on a single imported component for the sunshade product, which the company plans to localize in the future.
- The company's growth projections for the next fiscal year are expected to be in the low double digits, with significant growth anticipated only in FY '26-'27.
Ladies and gentlemen, good day, and welcome to the Q3 and 9 Months FY '24 Earnings Conference Call of NDR Auto Components Limited. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Mr. Rishab Barar pfrom CDR India. Thank you, and over to you.
Good day, everyone, and a warm welcome to all of you participating in the Q3 and 9 months FY '24 Earnings Conference Call of NDR Auto Components Limited. We have with us today on the call Mr. Pranav Relan, Whole-Time Director; Mr. Vinod Kumar, Chief Financial Officer; Mr. Sanjeev Kumar, Financial Advisor; and Mr. Rajat Bhandari, Executive Director and Company Secretary, along with other members of the senior management team.
Before we begin, I would like to mention that some statements made in today's discussion may be forward-looking in nature and are subject to risks and uncertainties. A statement in this regard is available in the Q3 and 9 months FY '24 earnings presentation shared with you
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