In This Article:
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Total Income (Q3 FY25): INR 382 Crores, reflecting a 3% year-on-year growth.
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Total Income (9 months FY25): INR 740 Crores, a 7% increase year-on-year.
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EBITDA (Q3 FY25): INR 22.2 Crores.
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EBITDA (9 months FY25): INR 100 Crores.
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EBITDA Margin (Q3 FY25): 9.2%.
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EBITDA Margin (9 months FY25): 9%.
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Net Profit (Q3 FY25): INR 5 Crores.
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Net Profit (9 months FY25): INR 40.7 Crores.
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Domestic Business Growth: 18% year-on-year, contributing 71% to overall standalone revenue.
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Export Business Decline: 15% year-on-year, contributing 29% to overall standalone revenue.
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Consolidated Total Income (Q3 FY25): INR 382 Crores, 3% growth year-on-year.
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Consolidated Total Income (9 months FY25): INR 740 Crores, down by 3% year-on-year.
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Consolidated EBITDA (Q3 FY25): INR 19 Crores.
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Consolidated EBITDA (9 months FY25): INR 1094 Crores.
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Consolidated EBITDA Margin (Q3 FY25): 5.1%.
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Consolidated Net Loss (Q3 FY25): INR 2 Crores.
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Consolidated Net Profit (9 months FY25): INR 30 Crores.
Release Date: February 10, 2025
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Positive Points
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IFGL Refractories Ltd (BOM:540774) reported a 25% growth in its Indian business, highlighting strong domestic market performance.
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The company has completed several capital expenditure initiatives to support its strategic shift towards the domestic market.
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A new joint venture with the Marbles Group, IFGL Marvels Refractories Limited, was formed to diversify into high-potential sectors such as cement, glass, and gasification industries.
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The Indian steel demand is expected to grow by 8% over 2024 and 2025, providing significant opportunities for IFGL.
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The company has integrated automation and robotics into its operations to enhance productivity and cost efficiency.
Negative Points
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Global steel demand is expected to decline by 0.9% in 2024, posing challenges for IFGL's core market.
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The company's international operations, particularly in the USA, Germany, and the UK, have faced subdued demand due to economic and geopolitical uncertainties.
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Raw material costs have been elevated, impacting margins.
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The export business declined by 15% year-on-year, primarily due to an economic slowdown in key export markets.
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Employee costs have been increasing consistently over the last eight quarters, impacting profitability.
Q & A Highlights
Q: Can you provide an update on the technology transfer from Sheffield Refractories? A: The technology transfer is progressing well. Our team, along with Sheffield's technical experts, visited a major cement producer in November. The setup for the technology is 60% complete and expected to arrive in India by April.