ELECTROSTEEL CASTINGS LTD. - 500128 - Announcement under Regulation 30 (LODR)-Earnings Call Transcript
Intimation under Reg 30 Investors Transcript16-02-2024
16-02-2024
ELECTROSTEEL CASTINGS LTD. - 500128 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
Regulation 30 _Audio Link13-02-2024
Electrosteel Castings Results Earnings Call for Q3FY24
Conference Call with Electrosteel Casting Management and Analysts on Q3FY24 Performance and Outlook. Listen to the full earnings transcript.13-02-2024
ELECTROSTEEL CASTINGS LTD. - 500128 - Announcement under Regulation 30 (LODR)-Investor Presentation
Under Reg 30 Investors Presentation13-02-2024
ELECTROSTEEL CASTINGS LTD. - 500128 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
REG 30 CONFERENCE CALL08-02-2024
Q3FY24 Quarterly & 9MFY24 Result Announced for Electrosteel Castings Ltd.
Iron & Steel/intermediate products company Electrosteel Castings announced Q3FY24 & 9MFY24 results: Consolidated Q3FY24: Total Income stood at Rs 1,892 crore in Q3FY24. EBITDA grew by 112% YoY to Rs 429 crore in Q3FY24, the EBITDA margin expanded by 1,183 bps YoY to 22.7% owing to lower raw materials cost, better realisations coupled with economies of scale. PAT grew by 236% YoY to Rs 263 crore in Q3FY24, PAT margin expanded by 972 bps YoY to 13.9% during the quarter. Standalone Q3FY24: Total Income grew by 4% YoY to Rs 1,814 crore in Q3FY24 lead by strong demand from domestic markets. EBITDA grew by 124% YoY to Rs 412 crore in Q3FY24, the EBITDA margin expanded by 1,223 bps YoY to 22.7% due to lower raw materials cost, better realisations along with operating leverage. PAT grew by 286% YoY to Rs 252 crore in Q3FY24, PAT margin expanded by 1016 bps YoY to 13.9% during the quarter. Consolidated 9MFY24: Total Income stood at Rs 5,542 crore in 9MFY24. EBITDA grew by 58% YoY to Rs 935 crore in 9MFY24, the EBITDA margin expanded by 599 bps YoY to 16.9% during 9MFY24. PAT grew by 126% YoY to Rs 513 crore in 9MFY24, PAT margin expanded by 510 bps YoY to 9.3% during 9MFY24. Standalone 9MFY24: Total Income stood at Rs 5,232 crores in 9MFY24. EBITDA grew by 58% YoY to Rs 927 crore in 9MFY24, the EBITDA margin expanded by 651 bps YoY to 17.7%. PAT surged by 122% YoY to Rs 517 crore in 9MFY24, PAT margin expanded by 542 bps YoY to 9.9% during the period. Other Highlights: DI Pipes volumes stood at 195,253 Lakh MT in Q3FY24. Export constituted 16% of the DI Pipe volumes. Commenting on the results, Madhav Kejriwal, Whole Time Director, Electrosteel Castings further said, “The Company continued its journey towards operational efficiency, thereby maintaining its cost competitiveness. We undertook the repairs and maintenance of Blast Furnace at Khardah unit from 24-Nov-2023 till 15-Jan-2024 which marginally impacted the top-line. However, it was offset by better volumes at our SW unit and better realisations. The Company will experience enhanced efficiencies from the aforesaid maintenance in the coming quarters. We benefitted from the decline in raw materials prices and economies of scale in Q3FY24. The Company is swiftly working towards enhancing its overall DI Pipes capacity to 9 Lakh TPA. The Government’s commitment towards Jal Jeevan Mission and rising global water security needs will continue to bolster the demand of DI Pipes in both domestic and export markets in the coming years. ECL is well poised to cater the huge demand of DI Pipes with its integrated capacity and maintain its leadership position in the DI Pipes Industry and thereby, create value for its esteemed stakeholders.” Result PDF08-02-2024
ELECTROSTEEL CASTINGS LTD. - 500128 - Approved Declaration Of Interim Dividend Of Re. 0.50/- Per Equity Share Of Re. 1/- Each For The Financial Year 2023-2024. Accordingly, The Board Has Fixed Wednesday, 21 February 2024 As A Record Date For Determining Entitlement Of Members For The Purpose Of Payment Of Interim Dividend.
Board has fixed 21 February 2024 as record date08-02-2024
ELECTROSTEEL CASTINGS LTD. - 500128 - Corporate Action-Board approves Dividend
Approved declaration of Interim Dividend08-02-2024
ELECTROSTEEL CASTINGS LTD. - 500128 - Financial Results For The 31 December 2023
Unaudited quarterly Financial Results for the 31 December 202308-02-2024