'
Sundram Fasteners hosted a conference call on Jan 30, 2025.
In the conference call, the company was represented by: Sri. Dilip Kumar, Chief
Financial Officer and Mr. S Bharathan, Executive vice president, marketing.
Key takeaways of the call
In Q3 FY25, the
company’s domestic sales increased about 4% YoY to Rs 840.81 crore.
Management
indicated that the major raw material components have remained stable, and the
company has experienced a 2% to 3% drop in procurement levels. However, the
product mix has slightly shifted, which has impacted the gross margin.
In FY26, the
management anticipates domestic industry to grow 5% YoY. Moreover, it expects muted
growth in exports.
The company guided
EBITDA margin between 17-18% for FY26.
Borrowings have
increased due to capital expenditures of nearly Rs 300 crore, along with a
buildup in inv...
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