'
Nelcast hosted a
conference call on May 14, 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
Revenue growth
for FY24 remained relatively stagnant, impacted by muted M&HCV demand and
sluggish sales in the tractor segment. However, this was partially mitigated by
robust export performance.
In FY24, the
largest share was contributed by M&HCV making up 38.6% of the total
revenues, followed by Tractors 21.2%, Exports 35.4%, Railways 2.2%, Off-highway
equipment 2.3%, and Others 0.3%.
The
company witnessed slow demand in H2 FY24, influenced by the general elections,
which notably affected the sales of M&HCV segment and muted demand from
tractor market.
In
the domestic market,...
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