'
Nelcast hosted a
conference call on Jan 30, 2024. In the conference call, company was
represented by, Mr. P. Deepak -Chief Executive Officer & Managing Director
and Mr. S.K. Sivakumar- Chief Financial Officer.
Key takeaways
of the call
In
Q3 FY24, company’s sales volume decreased 4.2% YoY to 20,608 Tonnes. Company’s revenue
growth was dragged due to subdued performance of the M&HCV and tractors
segments.
Company
clocked exports of Rs 339 crore in 9M FY2024, up by 38% YoY. Company expect to
sustain quarterly run rate of Rs 100 crore in Q4 FY24.
In
FY25, management expects exports to sustain its growth momentum on the back of
existing order book and additional contribution from new product launches.
With increase in
infrastructure spends by the Government and pick-up in construction activity,
company expects strong growth in M&HCV...
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