Q2 2025 Rico Auto Industries Ltd Earnings Call Transcript
Key Points
- Rico Auto Industries Ltd (BOM:520008) reported a 7% growth in the second quarter, surpassing their initial flat growth expectation.
- The company has successfully compensated for a 15-16% decline in exports by increasing domestic sales, gaining over 152 crores in the domestic market.
- Rico Auto Industries Ltd is optimistic about achieving better profits by the end of the year, with expectations to surpass last year's profits.
- The company is expanding its domestic market share by increasing its supply percentages to major clients like Maruti and Hero.
- Rico Auto Industries Ltd is actively pursuing new opportunities in the electric vehicle market, including discussions with companies like Tesla and Lucid.
- Exports have been negatively impacted by geopolitical tensions, resulting in a 15-16% decline compared to the previous quarter.
- The commercial vehicle segment remains under stress, with growth dependent on future infrastructure investments.
- The defense segment, while promising, faces delays in payment cycles, affecting cash flow despite full billing.
- The company has faced challenges in achieving its long-term revenue and margin targets, with current margins hovering around 10%.
- There is uncertainty regarding the sale of land assets, with current offers not meeting the company's valuation expectations.
Ladies and gentlemen, good day and welcome to Rico Auto Industries, Q2 FY25 earnings conference call. As a reminder, all participant lines will be in the listen-only more and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call Please signal an operator by pressing star then zero on your Touchtone phone. Please note that this conference is being recorded. I now hand the conference over to Ms. Hazel Rathod from S-Ancial Technologies.. Thank you and over to you Ma'am.
Thank you. Good evening, everyone and thank you for joining us for Rico Auto Industry. Q2 FY25 earnings conference call from the management we have with us, Mr. Arvind Kapur, Chairman CEO and MD, Mr. Kaushalendra Verma executive director, Mr. R.K. Miglani, executive director, Mr. Rakesh Sharma, Chief Financial Officer and Mr. B.M. Jhamb Company Secretary. I now request Mr. Arvind Kapur to take us through the pop with us after which we can open the
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