'
Shankara Building
Products hosted a conference call on November 05, 2024. In the conference call
the company was represented by Mr Sukumar Srinivas-Managing Director, Mr C
Ravikumar-Director, Mr Alex Varghese
–CFO and Mr Dhananjay Mirlay-Vice President.
Key takeaways of the call
Revenues:
Despite macroeconomic challenges on account
of election, severe rainfall and soft steel prices, the performance of the
company was resilient.
Q2FY2025:
Revenues for the quarter stood at Rs 1329
crore a growth of 16% YoY.
EBITDA margin was at 2.82%. EBITDA margin
was impacted in Q2 due to one time write off to the tune of Rs 12 crore in
inventory due to decline in prices. Also margins were impacted due to higher
marketing and advertisement cost.
Interest cost declined by Rs 2.5 crore in
Q2FY2025 over Q1FY2025.
H1FY2025
Revenues grew by 15% YoY to Rs 2620 ...
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