Steel Strips Wheels Ltd (NSE:SSWL)

Q1 2025 Steel Strips Wheels Ltd Earnings Call Transcript

Jul 25, 2024 / 05:30AM GMT

Release Date Price: ₹232.51 (+1.47%)

Transcript

Key Points

Positve

Revenue increased to INR1,205 crores from INR1,044 crores in Q1 FY24.
EBITDA per wheel improved slightly to INR257 from INR253 in the same quarter last year.
Debt reduced by approximately INR82 crores from Q4 FY24.
Secured long-term agreements in the tractor business, expecting over 10% growth for FY25.
New business line in aluminum knuckles expected to generate additional revenue from Q3 onwards.

Negative

Export revenue declined to INR123 crores from INR154 crores in Q1 FY24.
Profit after tax remained largely flat despite increased finance costs and depreciation.
Export volumes declined due to supply chain disruptions and rising global inflation.
Concerns about lower-than-expected margins in the PV business, though resolution is underway.
High finance costs, with Q1 financial cost hovering around INR31 crores.

Operator

Ladies and gentlemen, good day, and welcome to the Steel Strip Wheels Limited Q1 FY25 earnings conference call hosted by SMIFS Limited. (Operator Instructions) Please note that this conference is being recorded. I now hand the conference over to Mr. Amit Hiranandani from SMIFS Limited. Thank you, and over to you, sir.

Amit Hiranandani

SMIFS Limited - Analyst

Thank you, Neha. Good morning, everyone. On behalf of SMIFS Limited, I welcome you all to Q1 FY25 conference call of Steel Strip Wheels Limited. We are pleased to host the senior management of the company. Today, we have with us Mr. Mohan Joshi, Executive Director; Mr. Naveen Sorot, CFO; Mr. Aditya Dixit, President of Exports Division; and Mr. Pranav Jain, DGM Finance. We will start the call with initial commentary from the management, and then we will open the floor for Q&A. Now, I hand over the call to the management team. Over to you, sir.

Pranav Jain

Steel Strips Wheels Ltd - Deputy General Manager Finance

(technical difficulty) INR1,205 crores versus

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