Q1 2025 Time Technoplast Ltd Earnings Call Transcript
Key Points
- Time Technoplast Ltd (BOM:532856) reported a year-on-year volume growth of 16% and revenue increase of 14% for Q1 FY25.
- The CNG Composite Cylinder business saw a notable 32% rise, contributing significantly to the overall growth.
- Profit after tax surged by 41% year-on-year, driven by improved capacity utilization and reduced finance and depreciation costs.
- The company has a strong order book for Type IV Composite Cylinder for CNG cascade, valued at approximately INR175 crores.
- EBITDA margin improved to 14.2% from 13.7% in the same period last year, reflecting better performance in value-added products and improved CapEx utilization.
- There is a 2% gap between volume growth and revenue growth due to price variance and exchange rate fluctuations.
- The company faces challenges in maintaining consistent EBITDA margins, especially in the CNG and LPG segments.
- Delays in expansion projects due to geopolitical issues like the Russia-Ukraine war and Hamas-Israel conflict have impacted timelines.
- The power cost remains a significant expense, constituting around 3% of revenue, with varying rates across different states in India.
- The company is still in the process of disinvesting 50% of its Middle East business, which has been delayed but is expected to complete in the next 45 to 60 days.
Ladies and gentlemen, good day, and welcome to Time Technoplast Q1 FY25 Earnings Conference Call hosted by Kaviraj Securities Private Limited. This conference call may contain forward-looking statements about the company, which are based on beliefs, opinions and expectations of the company as on the date of this call. These statements are not the guarantees of future performance and involves risks and uncertainties that are difficult to predict. (Operator Instructions) Please note that this conference call is recorded.
I now hand the conference over to Mr. Abhijit Mukesh Purohit from Kaviraj Securities Private Limited. Thank you, and over to you, sir.
Thank you, Manav. Good evening, ladies and gentlemen, Kaviraj Securities Private Limited, welcomes you all for Q1 FY25 Earnings Conference Call of Time Technoplast Limited. Today, from the management team, we have with us Mr. Bharat Kumar Vageria, Managing Director; Mr. Raghupathy Thyagarajan, Whole-Time Director; Mr. Sandip Modi, Senior VP
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