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Steelcast hosted a conference call on Feb 1, 2024. 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 Q3 FY24, revenue dropped on YoY basis indicating impact of anticipated slow-down because of global turmoil. Company expects improvement in global situation from Q3FY25 onwards.

In Q3 FY24, exports fell 30.6% to Rs 54.1 crore and domestic sales fell 13.2% to Rs 36.2 crore.

In the face of revenue de-growth in FY24, company remain confident in preserving bottom line.

Despite de-growth in revenue, EBITDA and PAT margins improved in Q3 FY24 due to power cost savings, cost optimization, operational efficiency & reduced input costs.

In Q3 FY24, exports contributed 60% to total revenue and domestic 40%.

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  (10-Feb-2023)

  Deepak Nitrite

  Plans capex of about Rs 1500 crore for FY23 and FY24

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  (09-Feb-2023)

  Mayur Uniquoters

  Targets revenue of Rs 1000 crore in FY24

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  (31-Jan-2023)

  Tega industries

  Capex plan is US$ 30-32 million for next three years

• 

  (15-Dec-2021)

  ITC

  Company plans capex of Rs 10,000 crore over the next three years to create growth vectors