OCCL Limited has informed the Exchange about Transcript
OCCLLTD · price
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OCCL Limited submitted the transcript of its Q4 & FY25 earnings call held on May 28, 2025. Q4 FY25 total income stood at INR 109 crores, up 12% quarter-on-quarter, driven by better realisation in insoluble sulphur and sulphuric acid plus higher volumes. Q4 EBITDA was INR 20 crores (up 23% QoQ) with margins expanding to 18.1% from 16.6% in Q3, aided by easing freight costs (down to 7.2% of sales vs 9% for the full year). PAT was INR 9 crores at 8% margin. For FY25 (9 months post-demerger), revenue was INR 309 crores and EBITDA INR 55 crores at 17.9% margins, with a comfortable debt-to-equity of 0.14x. Management is hopeful that the anti-dumping duty on Chinese ($307) and Japanese ($257) imports will be notified in June, which should improve domestic pricing and margins. Capacity utilisation is around 70%, global demand growth is seen at 2–3%, and maintenance capex is guided at INR 10–13 crores.
Margins are improving sequentially as freight normalises, and any June anti-dumping duty notification would be a clear positive for realisations and earnings. However, near-term pressure from elevated sulphur prices (~$300) and weak European tyre demand caps strong upside, so stock direction depends largely on the anti-dumping outcome.