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Tega Industries held a conference call on 23 May 2024 to discuss the results for the quarter ended March 2024 and way forward. Mr. Mehul Mohanka - MD & Group CEO, Mr. Syed Yaver Imam - Director – Global Product Group and Mr. Sharad Kumar Khaitan – CFO of the company addressed the call.

Highlights of the Concall

• Supply chain challenges eased in Q4 of FY24 but were not completely eliminated and resulted in transportation delays due to events ranging from the Red Sea crisis and the geopolitical tensions in West Asia.

• Such transportation delays resulted in higher finished goods inventory of approximately Rs 30 crore in the consumables business segment which that had not been the case would have resulted in higher revenues of approximately Rs 70 crore and in turn put revenues at Rs 1360 crore achieving a 15% growth in consumable business segment. The company expects to crystallize the same in Q1 of FY24.

• The company has a strong order b...
  
  
  
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