Conference Call with Balkrishna Industries Management and Analysts on Q4FY20 and Full Year Earnings Performance and Outlook. Listen to the full earnings transcript.
Conference Call with Balkrishna Industries Management and Analysts on Q4FY20 and Full Year Earnings Performance and Outlook. Listen to the full earnings transcript.
Earnings Call Transcript - Balkrishna Industries on the company's December quarter earnings. Held on 17 February 2020.
Listen to the call on the youtube link.
Highlights
- The environment continues to remain challenging, but Balkrishna is expecting better weather conditions in their major markets.
- Volume growth of 5% QoQ and 1% YoY. 48% of volumes are from Europe, 20% from the US, India is 20% (with remaining from ROW)
- Remain confident in ending FY20 crossing 2 lakh sales volume mark.
- The capex for the carbon black plant phase 1 with a capacity of 60,000 metric tonnes was commercialized during Q2FY20. The second phase of 80,000 metric tonnes will be commercialized in FY21. Expect remaining capex to complete by FY21, and start delivering by FY22.
- Third interim dividend of Rs. 16 per share has been announced.
- Expecting some benefits from crude derivatives with the fall in crude prices.
Click youtube link above to listen to full transcript
