Highlights of the Concall

• Total income from operations rose 30% on a YoY basis in Q4FY'15 to Rs 1553.2 crore while EBITDA grew 86% to Rs 280.63 crore. Bottomline of the company increased 609% to Rs 327.68 crore.

• EBITDA margin rose from 12.7% in Q4FY'14 to 18.1% in Q4FY'15 while PAT margin rose to 21.1% in Q4FY'15 from 3.9% in Q4FY'14

• For FY'15 Total income from operations rose 55% to Rs 5340.81 crore while EBITDA grew 73% to Rs 1035.01 crore. Bottomline of the company increased 215% to Rs 585.24 crore.

• EBITDA margin rose from 17.3% in FY'14 to 19.4% in FY'15 while PAT margin rose to 11% in FY'15 from 5.4% in FY'14

• Total income from operations rose 13% on a YoY basis in Q4FY'15 to Rs 347.45 crore while EBITDA grew 30% to Rs 67.66 crore. Bottomline of the company was Rs 300.13 crore compared to Rs 10.29 crore in Q4FY'14.

• For FY'15 Total income from operations rose 16% to Rs 1320.97 crore while EBITDA grew 45% to Rs 282.33 crore. Bottomline of the company increased 414% to Rs 382.35 crore.

• Q4 FY15 and FY15 PAT includes an exceptional item of Rs 293.7 crore and Rs 279.05 crore respectively, which primarily includes Rs 3,02.72 crore gain from the Offer for Sale (sale of 10 mn Inox Wind Limited shares) by GFL as a part of Inox Wind Limited IPO. Q4 FY15 and FY15 PAT also includes the impact of higher deferred tax liability of Rs 9.9 crore due to change in depreciation policy as per new Companies Act 2013.

• Segment wise Caustic soda sales decreased 15% to Rs 65.56 crore in Q4FY'15 while chloromethanes sales rose 20% to Rs 71.08, refrigerant gases rose72% to Rs 67.25 crore and PTFE sales increased 5% to Rs 120.09 crore.

• Total income from operations rose 35% on a YoY basis in Q4FY'15 to Rs 930.05 crore while EBITDA grew 212% to Rs 170.38 crore. Bottomline of the company increased 157% to Rs 117.88 crore.

• For FY'15 Total income from operations rose 73% to Rs 2709.93 crore while EBITDA grew 160% to Rs 457.44 crore. Bottomline of the company increased 124% to Rs 296.42 crore.

• Total income from operations fell 4% because of seasonality in nature of business on a YoY basis in Q4FY'15 to Rs 35.83 crore while EBITDA increased 1% to Rs 32.35 crore.

• For FY'15 Total income from operations rose 9% to Rs 188.83 crore while EBITDA grew 13% to Rs 175.82 crore. Bottomline of the company decreased 71% to Rs 4.48 crore.

• Total income from operations rose 16% on a YoY basis in Q4FY'15 to Rs 217.75 crore while EBITDA fell 36% to Rs 10.51 crore. Bottomline of the company was loss of Rs 4.06 crore compared to profit of Rs 1.54 crore in Q4FY'14

• For FY'15 Total income from operations rose 17% to Rs 1016.81 crore while EBITDA grew 1% to Rs 122.77 crore.

• Major capex for expansion of PTFE capacity to 18,000 MT and corresponding increases in capacities across the entire value chain already incurred. Going forward Ongoing capex is expected to be minimal – to the tune of Rs 100–150 crore per year, for debottlenecking, adding higher value added products, waste recovery and other cost optimization schemes .

• The company expects significant improvement in capacity utilization, from present 60% to 100% over next 2 – 3 years due to investments made in marketing efforts

• Improved capacity utilization will result in higher margins due to economies of scale and operating leverage.

• Increased contribution due to churning of product mix in favour of higher value added grades of PTFE

• Introduction of new value added products in the company's product basket will further improve margin profile

• Surplus TFE capacity from recent debottlenecking to add significant value to the fluoro speciality business