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Tega Industries held a conference call on 31 January 2023 to discuss the results for the quarter ended December 2022 and way forward. Mr. Mehul Mohanka - MD & Group CEO, Mr. Syed Yaver Imam - Director – Global Product Group and Mr. Manoj Kumar Agarwal - Director – Global Finance and CFO of the company addressed the call.
Highlights of the Concall
- Sales of the company have grown strongly across all regions. Significant improvement in global supply chain, normalization of the transport and logistics cost contributed to improved margins. However, despite easing pressure, the costs are still higher on pre covid base and the company is vigilant to managing its supply chain accordingly.
- Land acquisition has been completed for its expansion project in Chile and is awaiting for further approvals. The company expects commercial production to start by Q1FY25.
- Gross margin was subdued mainly due to geographical mix - product mix for South Afri...
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