Conference Call with Rajratan Global Wire Management and Analysts on Q4FY25 & Full Year Performance and Outlook. Listen to the full earnings transcript.
Auto Parts & Equipment company Rajratan Global Wire announced Q4FY25 results Operating Revenue: Rs 25,142 lakh compared to Rs 23,957 lakh during Q4FY24. EBITDA: Rs 3,333 lakh compared to Rs 3,441 lakh during Q4FY24. PAT: Rs 1,520 lakh compared to Rs 2,025 lakh during Q4FY24. Sunil Chordia, Chairman, Rajratan Global Wire, said: FY25 ended for us on a positive note for several factors. The most critical amongst this was an increase in activity in our Chennai facility and greenshoots of our export plans from India. The last quarter witnessed 85-90% utilisation in our Thailand and Pithampur facilities, which augurs well for our overall profitability. The improvement in volumes from our Chennai plant as well as our strategy to avoid selling in the low-end bicycle tyre market, augurs well for our Chennai business, helping us consolidate strongly at the organisational level. Higher realisations, increased sales to marquee customers, deliberately low exposure to cycle tyre makers and sharper percentage increase in sales to automotive tyre companies, coated wire customers and exports, enhanced our profitability. The Indian (standalone) profits, adjusted for the initial operating losses of Chennai, more than doubled over Q3FY25 and was at par with Q4FY24. The US tariff on our product remain unchanged providing fillip to our global ambition. During the last quarter, the Board of Directors approved the conversion of our lowvalue-added black wire capacity to higher value-added wire rope which will empower us to achieve similar profitability as our India bead wire business. On the overall we remain cautiously optimistic in a dynamic global scenario. We expect the scenario to play out positively for Rajratan, reinforcing our sustainable growth efforts. We look forward to commencing FY26 on a positive note. Result PDF
Pharmaceuticals company Solara Active Pharma Sciences announced Q3FY25 & 9MFY25 results Revenue: Rs 21,836 lakhs in Q3FY25 (-6% YoY); Rs 68,383 lakhs in 9MFY25 (+5% YoY). EBITDA: Rs 2,625 lakhs in Q3FY25 (-23% YoY); Rs 9,364 lakhs in 9MFY25 (+0.4% YoY). Other Income: Rs 41 lakhs in Q3FY25 (up from Rs -8 lakhs in Q3FY24); Rs 112 lakhs in 9MFY25 (-53% YoY). Profit Before Tax (PBT): Rs 1,235 lakhs in Q3FY25 (-50% YoY); Rs 5,731 lakhs in 9MFY25 (-15% YoY). Profit After Tax (PAT): Rs 932 lakhs in Q3FY25 (-53% YoY); Rs 4,361 lakhs in 9MFY25 (-15% YoY). EBITDA Margin: 12.02% in Q3FY25 (down from 14.71% in Q3FY24); 13.69% in 9MFY25 (down from 14.33% in 9MFY24). PBT Margin: 5.66% in Q3FY25 (down from 10.52% in Q3FY24); 8.38% in 9MFY25 (down from 10.35% in 9MFY24). PAT Margin: 4.27% in Q3FY25 (down from 8.46% in Q3FY24); 6.38% in 9MFY25 (down from 7.93% in 9MFY24). Sunil Chordia Chairman & Managing Director Said: "The performance of the company during this quarter was mixed. Profit before tax was impacted by 50% YoY, as a result of higher interest costs and depreciation as well as a pressure on realisations. Standalone revenues were softer by 0.3% and EBITDA was lower by 23% YoY (consolidated) following a lower coverage of operating costs (fixed costs) for the Chennai plant. India sales by volume increased 10% YoY. There was an increase in sales to new international geographies. The Chennai greenfield plant commenced phased production; assets under use were capitalised from 7th August 2024 and those under installation were reflected in capital work in progress. Chennai trial run losses (Rs 83.9 million) for the period ended 31st December 2024 were capitalised and recognised in CWIP. On the positive side, the company retained its market share across geographies; customer approvals for its new Chennai plant increased, and TPM certification (second stage, Pithampur plant) was received. This indicates a resilience that should translate into improved financials." Result PDF
Auto Parts & Equipment company Rajratan Global Wire announced Q2FY25 results Rs 21,434 lakh 14% increase in revenues when compared with Q2FY24 Rs 24,533 lakh. 16% increase in volumes sold when compared with Q2FY24. 204 bps increase in EBITDA margin due to higher sales volume and import restrictions (compared with Q1FY25). 25% increase in PAT (compared with Q1FY25) . Sunil Chordia, Chairman & Managing Director Rajratan Global Wire Ltd.said: After-some quarters of sluggish offtake and challenging market dynamics, there was a marked improvement in the company’s performance in Q2FY25. This improvement was the result of bead wire demand exceeding supply. This was influenced by an increased offtake of tyres (direct sectorial customer) and a decline in imports. We expect a sustained performance improvement in the subsequent quarters for the following reasons: commercialisation of the new Chennai plant and increased utilisation of our Pithampur and Thailand plants. Based on these realities we expect an improved performance for the rest of the financial year.' Result PDF