|
Analyst Meet / AGM
16-Nov-18
|
|
|
|
|
Conference Call
|
|
IFGL Refractories
|
Global Refractories demand expected to grow at a CAGR of 3.9%
|
|
|
IFGL refractories conducted conference call to discuss results for the quarter ended September 2018 and way forward. Mr. Kamal Sarda ¨C CEO and Mr. Rajesh Agarwal ¨C CS of the company addressed the call.
Highlights of the Concall
- IFGL Refractories reported 10% growth in consolidated revenue to Rs 219.9 crore in Q2FY19 compared to Q2FY18 while EBITDA grew 13.5% to Rs 31.2 crore with a EBITDA margin of 14.2% (up from 13.7% in Q2FY18). Interest cost was up 22% to Rs 1.1 crore. Depreciation rose 20% to Rs 4.8 crore. PAT was up 45.4% to Rs 13.7 crore
- For H1FY19 revenue was up 15.2% to Rs 459 crore compared to H1FY18 while EBITDA grew 19.5% to Rs 63.1 crore with a EBITDA margin of 13.7% (up from 13.3% in H1FY18). PAT was up 41.2% to Rs 29.2 crore
- The rise in Global Steel demand is expected to be driven by the developing economies such as India, Brazil, Mexico, Russia, and others on the back of Increasing infrastructure & construction activities. Also, the Construction sector in Asia©\Pacific is the largest in the world hence the demand outlook from this geography remains strong
- Steel demand in India is expected to grow at 6% ©\ 7% over the next decade. This will be driven by sectors like Construction & Auto. Favourable government policies like ¡®Make in India¡¯, ¡®Smart cities¡¯ and ¡®Pradhan Mantri Awas Yojana¡¯, etc. Reduction in Chinese steel production, which is expected to aide the domestic market
- According to the World Steel Association the demand in Asia (ex China) is expected to increase by 5.9% and 6.8%in 2018 and 2019 respectively
- Global Refractories demand is expected to grow at a CAGR of 3.9% over 2017-2022 in value terms to reach USD 36.17 billion and at a CAGR of 3.5% in volume terms to reach 56.83 million tonne led by increase in Infrastructure & Construction activities in Developing economies, shifting of manufacturing facilities by large market players from mature markets to Asia©\Pacific, Middle East & Africa and growing demand for high©\grade refractories from iron & steel industries, which is the largest user segment of refractories
- Monocon Group (100% UK subsidiary of IFGL Refractories) reported 18.7% growth in revenue to 14.6 million pound while EBITDA grew 62.5% to 1.3 million pound and PAT was up 80% to 0.9 million pound
- EI ceramics (100% US subsidiary of IFGL Refractories) reported 19.5% increase in revenue to $ 9.8 million while EBITDA fell 45.5% to $ 1.6 million and PAT was up 57.1% to $ 1.1 million.
- Hofmann Ceramics (100% Germany subsidiary of IFGL Refractories) reported 8.3% increase in revenue to 5.2 million Euro while EBITDA was nil and PAT reported a loss of 0.1 million Euro.
|
|
Previous News |
IFGL Refractories consolidated net profit declines 16.75% in the June 2024 quarter
(
Results
-
Announcements
12-Aug-24
07:30
)
|
|
IFGL Refractories to declare Quarterly Result
(
Corporate News
-
03-Oct-18
11:22
)
|
|
IFGL Refractories consolidated net profit rises 75.37% in the June 2021 quarter
(
Results
-
Announcements
14-Aug-21
15:04
)
|
|
IFGL Refractories consolidated net profit declines 3.05% in the September 2021 quarter
(
Results
-
Announcements
14-Nov-21
10:56
)
|
|
IFGL Refractories to declare Quarterly Result
(
Corporate News
-
03-Nov-20
11:03
)
|
|
IFGL Refractories to pay dividend
(
Market Beat
-
Reports
29-Nov-17
14:47
)
|
|
IFGL Refractories
(
Results
-
Analysis
13-Dec-17
19:47
)
|
|
IFGL Refractories
(
Results
-
Analysis
13-Feb-18
11:27
)
|
|
IFGL Refractories schedules AGM
(
Corporate News
-
14-May-19
16:33
)
|
|
IFGL Refractories to announce Quarterly Result
(
Corporate News
-
15-Nov-17
15:55
)
|
|
IFGL Refractories Ltd leads losers in 'B' group
(
Hot Pursuit
-
21-May-24
14:45
)
|
|
|
|
Other Stories |
|
|
|
|
|
|
|
|