'
Steelcast
hosted a conference call on Nov 3, 2023. In the conference call, company was represented
by- Mr. Chetan Tamboli, Chairman & Managing Director, Mr. Rushil Tamboli,
Director and Mr. Subhash Sharma, CFO.
Key takeaways of the call
In Q2 FY24, revenue dropped both on YoY and QoQ basis,
indicating impact of anticipated slow down.
Despite revenue de-growth, EBITDA & PAT margins
have shown consistency and stood at 28.8% and 18.3% respectively due to higher
export revenue, power savings, lower input costs, & improved operational
efficiency.
The Company has commenced serial supply of products to
the North American railroad industry. Company’s entry into the North American railroad industry will help broadbase the sectoral and customer profile.
During the quarter, the company repaid its short-term
debt, attaining a debt-free status....
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