Sahyadri Industries Limited has informed the Exchange about Transcript
SAHYADRI · price
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Sahyadri Industries reported FY25 total income of INR 608.8 crores, down 4.6% year-on-year, with EBITDA falling 17.8% to INR 58 crores and EBITDA margin contracting from 11.1% to 9.5% due to weak pricing and subdued demand. Q4 FY25 saw total income of INR 152.6 crores (down 1.4% YoY, up 15.9% QoQ) with PAT of INR 4.3 crores. The company improved its debt-to-equity ratio from 0.32 to 0.21, reduced long-term debt to INR 10.3 crores, and recommended a final dividend of INR 1 per share. Management highlighted growth in non-asbestos products (26% of sales vs 22% in FY24) and value-added products (14% of sales, targeting 20% in FY26). Capex projects in Palghar and Odisha are delayed due to land acquisition issues, with commissioning now expected in Q4 FY27 and Q4 FY28 respectively.
Weak FY25 results with margin pressure and delayed capex may weigh on short-term sentiment, but the deleveraging, dividend announcement, and management's guidance that FY26 will be better than FY25 in both revenue and profitability provide some support. The earnings call was largely backward-looking, with management being somewhat evasive on specific capex guidance and southern market share targets.