We are enclosing the transcript of earnings call held on 29th April 2025 pertaining to Audited Financial Results of the Company for the quarter and financial year ended 31st March 2025
Awaiting price reaction for this filing.
Sanghi Industries filed the transcript of the joint Q4 FY25 earnings call held on April 29, 2025 covering Ambuja Cements, ACC, and Sanghi. Ambuja Cements (the parent group) crossed 100 million tons per annum (MTPA) capacity in just 30 months, becoming the 9th largest cement company globally. Q4 FY25 consolidated revenue grew 11% YoY to INR 9,889 crores with EBITDA per ton of INR 1,001 and EBITDA margin of ~19%. Full-year FY25 revenue hit a record INR 35,045 crores with EBITDA per ton of INR 915. Management reiterated multi-year targets: 118 MTPA by FY26 and 140 MTPA by FY28, EBITDA per ton of INR 1,500 by FY28, and cost reduction to INR 3,650/ton by FY28. Sanghi was called a future 'jewel' for clinker cost with both kilns operational, though utilization remains under 60% in the peak quarter due to its island plant nature. The group has net worth of ~INR 64,000 crores, remains debt-free with INR 10,125 crores cash, and announced a new CEO (Vinod Bahety) and CFO (Rakesh Tiwary).
For Sanghi shareholders, the call signals slow but deliberate ramp-up of the Sanghi plant, which is being positioned as a strategic low-cost clinker hub within the Adani cement platform. The parent's strong debt-free balance sheet, self-funded capex plan of ~INR 9,000 crores, and clear multi-year margin expansion roadmap are positive for long-term value, though near-term Sanghi volumes may remain below optimal utilization.