Pearl Global Industries Limited has informed the Exchange about Transcript of conference call held on May 22, 2024

Pearl Global Industries reported FY24 consolidated revenue of INR 3,436.2 crores, up 8.8% YoY, driven by 21% growth in overseas markets. Adjusted EBITDA rose 22.5% to INR 316.4 crores, with margins expanding 100 basis points to 9.2%. PAT grew 10.5% to INR 169.1 crores and ROCE improved sharply from 24.2% to 28.2%. Q4 FY24 was particularly strong with revenue up 20.2% and EBITDA up 30.8% YoY. Net working capital days improved from 38 to 30, while gross debt stayed flat at INR 445 crores with a net debt/EBITDA ratio of just 0.25x. Management reiterated its FY28 target of INR 6,000–6,200 crores in revenue with EBITDA margins of 10–12%, saying they are 'solidly on track' and that current capacity of 84 million pieces will scale to 120–140 million pieces by 2028. FY25 capex is planned at INR 70–90 crores in India plus expansion opportunities in Bangladesh.