Mayur Uniquoters conducted conference call on 08 February 2024 to discuss the financial results and performance of the company for the quarter ended December 2023. Mr. Suresh Kumar Poddar - Chairman & Managing Director and Mr. Vinod Kumar Sharma – CFO of the company addressed the call

Highlights of the Concall

• The company endeavor is to make the company a preferred supplier for the leading OEMs both in domestic and international markets, especially in U.S. and European regions

• The company has been selected and received good orders for OEMs supplies in new models in exports and domestic markets based on which its OEM export is expected to increase in coming quarters for next two years. For this supply for some of the new models have already started and some models are expected to start in coming quarters

• Total volume sold during the quarter was 70 lakh and 55 thousand meters.

• Total exports were Rs 53.09 crore out of which General exports was Rs 17.66 crore and Exports OEM was Rs 35.42 crore.

• Domestic auto OEM sales was Rs 41.6 crore, auto replacement sales was Rs 37.8 crore, Footwear sales was Rs 33.6 crore and furnishing sales was Rs 5.60 crore

• BMW export volume is 4000 tonne. New supplies of around 40000 tonne for new model will start from April 2024.

• Revenue was lower compared to previous quarter due to down selling in footwear and some quantities in replacement market.

• Domestic auto replacement market saw lower volumes due to requirement put by the government that backward seats will also be having airbags safety requirement. Auto replacement market is expected to improve by Q2 of FY25

• Exports were up by 27% in 9MFY24 out of which auto OEMs exports were up by 42%.

• Footwear industry is reducing their inventories due to compulsion of BIS standards laid down by the government.

• The company expects solid revenue growth from FY25 for next 2-3 years