Aro Granite (AROGRANITE) — concall transcript

📢 Key Event
Aro Granite's Q4 FY23 earnings call addressed ongoing quarry bans, inventory challenges, and quartz plant expansion plans.

🔮 What's Next
Targeting ₹250 crores revenue in FY24 as interest rates ease; quartz plant operating at 85-90% utilization; inventory reduction underway without new working capital beyond ₹5 crores from HDFC.

💡 Investor Takeaway
The company is stabilizing operations after multiple external shocks, focusing on cost-efficient expansion in Jaipur to offset South Indian quarry closures and improve margins.

Aro Granite reported FY23 revenue of ₹163.90 crores, down from ₹224.74 crores, with EBITDA at ₹19.60 crores and a loss of [amount context mismatch] crores PAT. Management cited container price spikes, US quartz import duties, European energy costs, and freight volatility as key headwinds. They highlighted progress on the Jaipur plant to reduce freight costs and inventory pressures, targeting ₹250 crores revenue in FY24 as interest rates ease. Utilization in quartz reached 85-90%, with full capacity operational. The company emphasized cautious optimism, focusing on consolidation before expansion.

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About Aro Granite Industries Ltd (AROGRANITE)

Consumer Durables · Consumer Durables · Listed on BSE

Market Cap: ₹36.89 Cr ROE: -11.1% ROCE: -1.4%

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"When will the Madurai quarry ban be lifted?" "What is the target inventory reduction timeline?" "When will quartz segment margins improve beyond 5-10%?"

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🔥 Also filed on 31 March 2023

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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