|
Tonnage sale for FY14 is 177000 (48800 tonnes for Q4FY14) with cement accounting for 68000 tonnes and mining 96000 tonnes. For current fiscal the company's volume growth is driven largely by mining sector. Expects a volume sale of 200000-210000 tonnes in FY15.
Unit realization for Q4FY14 and FY14 stood at Rs 115/kg and Rs 110/kg respectively compared to Rs 105/ kg and Rs 104/kg in respective corresponding previous period.
The robust margin in Q4FY14 is on account of gradual conversion of entry level pricing to more sustainable level especially in mining. More over the power cost is also lower as the company increasingly sourced from power exchange through power traders. No forex gain in Q4FY14 compared to Rs 15 crore of forex loss in corresponding previous period. However the company expects the margin to be about 22-23% in future.
Brown field expansion is already completed and commenced production. The Greenfield project augmenting the capacity from current about 260000 tonnes to 440000 tonnes will be completed and go on stream by Dec 2015. The cost of green field project will be about Rs 600 crore and of which about Rs 350-400 crore will be spent in FY2014-2015.
In FY14, the company has done a production of about 178000 tonnes out of effective capacity of 200000 tonnes.
Of the revenue for FY14 about 75% of the revenue came from overseas and balance is accounted by domestic.
The company is gaining market share from both of competitors as the client wants to have more than one suppliers.
|