Shankara Building Products Ltd - 540425 - Announcement under Regulation 30 (LODR)-Earnings Call Transcript
Transcript-Q3FY2419-02-2024
19-02-2024
Shankara Building Products Ltd - 540425 - Disclosure Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 ('SEBI Listing Regulations')
Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 201519-02-2024
Shankara Building Products Ltd - 540425 - Statement Of Deviation Or Variation Of Funds Raised Through Preferential Issue
Statement of Deviation or Variation of funds raised through Preferential Issue19-02-2024
Shankara Building Products Ltd - 540425 - Audio Recording Of The Earnings Call For The Q3 & 9M FY24
Audio Recording of the Earnings Call for the Q3 & 9M FY2414-02-2024
Shankara Building Products Ltd - 540425 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Newspaper Publication14-02-2024
Shankara Building Products Ltd - 540425 - Announcement under Regulation 30 (LODR)-Investor Presentation
Investor Presentation13-02-2024
Q3FY24 Quarterly & 9MFY24 Result Announced for Shankara Building Products Ltd.
Iron & Steel Products company Shankara Building Products announced Q3FY24 & 9MFY24 results: Key Highlights for Q3FY24: Revenue from operations grew by 9% YoY, totaling Rs 1,177 crore. Non-steel revenues saw a remarkable growth of 43% YoY. EBITDA showed strong growth of 23% YoY, reaching Rs 40 crore. The EBITDA margin expanded by 39 bps YoY to 3.4%. PAT experienced a substantial growth of 31% YoY, amounting to Rs 21 crore. The PAT margin expanded by 31 bps YoY to 1.8%. Earnings per share (EPS) stood at Rs 9.1, showing a commendable increase of 27% YoY. Key Highlights for 9MFY24: Revenue from operations experienced a significant growth of 22% YoY, reaching Rs 3,452 crore. Non-steel revenues exhibited robust growth, increasing by 35% YoY. EBITDA showed a notable growth of 25% YoY, reaching Rs 111 crore. The EBITDA margin expanded by 6 bps to 3.2%. Profit After Tax (PAT) witnessed a substantial growth of 30% YoY, amounting to Rs 57 crore. Earnings per share (EPS) stood at Rs 24.6, marking a notable increase of 28% YoY. Working capital days remained stable at around 30 days. Commenting on the performance, Sukumar Srinivas, Managing Director, Shankara Building Products said: “Despite the challenges faced by the building materials industry in recent times, we're delighted to announce a 22% year-on-year revenue growth during the first nine months of fiscal year 2024. Particularly encouraging is the impressive growth of our non-steel revenues, which have grown by nearly 35% year-on-year. We attribute this success to our proactive strategy of strengthening our value-added product portfolio, including the successful introduction and expansion of our private label in tiles, Fotia Ceramica. Furthermore, our profitability for this quarter has shown a noticeable improvement compared to previous periods, reflecting our focused efforts in bolstering both our value-added steel segment and non-steel business. We remain committed to leveraging our digital presence and are actively exploring opportunities for strategic collaborations in the digital realm to augment our existing omnichannel strategy. Through these initiatives, we aim to revolutionize our ecosystem with technology and innovation. In line with our strategic objectives, we are in the process of demerging our building materials marketplace, which has consistently delivered significant value. This move will streamline our business structure, enabling a more focused capital allocation strategy and heightened emphasis on value-adding avenues under our new generation management. Ultimately, our goal is to unlock substantial value for all stakeholders in the months and years ahead.” Result PDF13-02-2024
Shankara Building Products Ltd - 540425 - Financial Results For Quarter Ended 31St December, 2023
Financial Results for Quarter ended 31st December, 202313-02-2024
Shankara Building Products Ltd - 540425 - Board Meeting Outcome for Outcome Of Board Meeting
Outcome of Board Meeting13-02-2024