Bharat Wire Ropes (BHARATWIRE) — concall transcript

📢 Key Event
Bharat Wire Ropes reported Q4 FY24 results with strong profit growth and subsidy tailwinds.

🔄 What Changed
Net profit grew 55% YoY to ₹96 crores; EBITDA margin expanded to 26.39%; order book covers 3-4 months; domestic market share rose to 22%.

🔮 What's Next
Subsidy eligibility expected to continue until October FY25; CapEx program to be announced within 6 months; volume growth target of ~10% for next fiscal year.

💡 Investor Takeaway
Profit growth is driven by value-added products and subsidy support, with improving margins and stable order visibility.

Bharat Wire Ropes reported Q4 FY24 revenue of ₹622 crores (6% YoY growth) and EBITDA of ₹164 crores (18% YoY growth) with a 26.39% margin, while net profit rose 55% to [amount context mismatch] crores (15.47% margin). Management highlighted stable Red Sea freight conditions, subsidy collection of ₹148 crores to date with ₹40 crores expected in FY25, and a 140-day working capital cycle. Volume grew 7% YoY to 41,000 tons, capacity utilization stands at 60%, and the order book covers 3-4 months. Domestic market share rose to 22% from 10%, driven by government and OEM engagement, while value-added products now contribute 10-15% of revenue. CapEx plans remain routine, with a major program pending announcement within 6 months.

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About Bharat Wire Ropes Ltd (BHARATWIRE)

Metals & Mining · Steel · Listed on BSE

Market Cap: ₹1,207.78 Cr P/E: 12.4 ROE: 34.6% ROCE: 35.0%

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🔥 Also filed on 31 March 2024

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

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