{"id":133714,"date":"2022-09-02T07:11:32","date_gmt":"2022-09-02T11:11:32","guid":{"rendered":"https:\/\/44.250.171.167\/?p=133714"},"modified":"2022-10-06T05:04:06","modified_gmt":"2022-10-06T09:04:06","slug":"grasim-industries-limited-q1-fy23-earnings-conference-call-insights","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/grasim-industries-limited-q1-fy23-earnings-conference-call-insights\/","title":{"rendered":"Grasim Industries Limited Q1 FY23 Earnings Conference Call Insights"},"content":{"rendered":"<p><iframe loading=\"lazy\" title=\"Grasim Industries Ltd Q1 FY23 Earnings Concall\" width=\"500\" height=\"375\" src=\"https:\/\/www.youtube.com\/embed\/xRtcn91-REs?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p><strong>Key highlights from Grasim Industries Limited (<a href=\"https:\/\/44.250.171.167\/symbol\/GRASIM\/\">GRASIM<\/a>) Q1 FY23 Earnings Concall<\/strong><\/p>\n<p><strong>Management Update:<\/strong><\/p>\n<ul>\n<li>[00:02:49] GRASIM said its Chlor-Alkali and Textile businesses reported highest ever quarterly EBITDA, driven by better realization and sales volume.<\/li>\n<\/ul>\n<ul>\n<li>[00:03:43] GRASIM said it expects FY23 capex guidance of INR3,117 crores for the existing lines of businesses and added that the capex for Paints and B2B will be in addition to this.<\/li>\n<\/ul>\n<p><strong>Q&amp;A Highlights:<\/strong><\/p>\n<ul>\n<li>[00:15:46] Nirav Jimudia with Anvil Research asked about VSF capacity, how much addition the company is intending to plan and the time frame for debottlenecking. H.K. Agarwal MD said the entire amount of INR587 crores is not for debottlenecking. Most of it is part of the residual capex commitments for Vilayat expansion. GRASIM expects to get around 80 TPD for investment of about INR200 crore.<\/li>\n<\/ul>\n<ul>\n<li>[00:20:18] Navin Sahadeo from Edelweiss enquired that in the near term, the peak margins are behind and in the next 1-2 quarters VSF may see some softness in the margins. H.K. Agarwal MD believes that if VSF market shows so much of softness then pulp prices also will have to adjust. So margins will remain under pressure.<\/li>\n<\/ul>\n<ul>\n<li>[00:22:31] Navin Sahadeo from Edelweiss asked that in chemicals if a sequential margin decline is expected. Jayant Dhobley CEO Global Chemicals said that the volatility is very high and the trend looks that it will be tapering downwards, but at present, to quantify it is very difficult.<\/li>\n<\/ul>\n<ul>\n<li>[00:27:04] Prateek Kumar from Jefferies enquired about the VSF segment, any major expansion in terms of brownfield. \u00a0H.K. Agarwal MD answered that the company would love to do that but for the time being it is not on the drawing board.<\/li>\n<\/ul>\n<ul>\n<li>[00:28:37] Prateek Kumar from Jefferies also asked about the utilization numbers for VSF capacity for FY23. H.K. Agarwal MD answered that if things remain normal, GRASIM have been always operating in high-90s or like above 90s. So that the target for sure.<\/li>\n<\/ul>\n<ul>\n<li>[00:32:33] Prateek Kumar from Jefferies asked about the annual maintenance capex. Ashish Adukia CFO said that it varies. Somewhere around INR1,000-1,500 crore can be assume for GRASIM.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Key highlights from Grasim Industries Limited (GRASIM) Q1 FY23 Earnings Concall Management Update: [00:02:49] GRASIM said its Chlor-Alkali and Textile businesses reported highest ever quarterly EBITDA, driven by better realization and sales volume. [00:03:43] GRASIM said it expects FY23 capex guidance of INR3,117 crores for the existing lines of businesses and added that the capex [&hellip;]<\/p>\n","protected":false},"author":1767,"featured_media":125416,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"Grasim Industries Limited Q1 FY23 Earnings Conference Call Insights #GRASIM #Q1 #FY23 #Earnings","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[9825,392,5753],"tags":[2132,10139],"class_list":["post-133714","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings-call-highlights","category-earnings","category-industrials","tag-manufacturing","tag-textile-manufacturing"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":156280,"url":"https:\/\/alphastreet.com\/india\/grasim-industries-limited-q2-fy24-earnings-conference-call-insights\/","url_meta":{"origin":133714,"position":0},"title":"Grasim Industries Limited Q2 FY24 Earnings Conference Call Insights","author":"Praveen","date":"November 15, 2023","format":false,"excerpt":"Key highlights from Grasim Industries Limited (GRASIM) Q2 FY24 Earnings Concall Financial Performance Consolidated revenue grew 10% YoY to INR 30,221 crore, EBITDA grew 14% YoY to INR 4,509 crore. Growth driven by cement and financial services businesses. Standalone revenue de-grew 4% YoY to INR 6,442 crore, EBITDA de-grew 21%\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/CC_Image_1.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/CC_Image_1.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/CC_Image_1.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/CC_Image_1.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":141604,"url":"https:\/\/alphastreet.com\/india\/grasim-industries-limited-q3-fy23-revenue-increased-by-17\/","url_meta":{"origin":133714,"position":1},"title":"Grasim Industries Limited Q3 FY23; Revenue Increased By 17%","author":"Hardik Bhandare","date":"February 14, 2023","format":false,"excerpt":"Grasim Industries Limited (NSE: GRASIM) reported Revenue from Operations for Q3 FY23 of \u20b928,637.86 Crore up from \u20b924,402.24 Crore year on year, a growth of 17%. Consolidated Net Profit of \u20b94,454.59 Crore, up 68% from \u20b92,655.45 Crore in the same quarter of the previous year. The Earnings per Share is\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/303acee3-42ca-46c8-a225-6afdc6d937d0-scaled.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/303acee3-42ca-46c8-a225-6afdc6d937d0-scaled.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/303acee3-42ca-46c8-a225-6afdc6d937d0-scaled.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/303acee3-42ca-46c8-a225-6afdc6d937d0-scaled.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/303acee3-42ca-46c8-a225-6afdc6d937d0-scaled.jpg?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/303acee3-42ca-46c8-a225-6afdc6d937d0-scaled.jpg?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":130135,"url":"https:\/\/alphastreet.com\/india\/infographic-grasim-industriess-q4-results\/","url_meta":{"origin":133714,"position":2},"title":"Infographic: Grasim Industries\u2019s Q4 results","author":"Nishad","date":"May 25, 2022","format":false,"excerpt":"Grasim Industries(NSE:\u00a0GRASIM) posted its fourth-quarter earnings results. 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Grasim had a net profit of\u00a0\u20b94,070 crores or \u20b942.23 per share compared to \u20b92,617 crores or \u20b926.10 per share in the same quarter of the previous year.","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/05\/Grasim-Industries-Limited-Q422.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/05\/Grasim-Industries-Limited-Q422.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/05\/Grasim-Industries-Limited-Q422.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/05\/Grasim-Industries-Limited-Q422.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/05\/Grasim-Industries-Limited-Q422.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":147362,"url":"https:\/\/alphastreet.com\/india\/grasim-industries-limited-q4-fy23-net-profit-down-by-42\/","url_meta":{"origin":133714,"position":3},"title":"Grasim Industries Limited Q4 FY23; Net Profit Down By 42%","author":"Hardik Bhandare","date":"May 26, 2023","format":false,"excerpt":"Grasim Industries Limited reported Total Income for Q4 FY23 of \u20b933,682.49 Crore up from \u20b928,991.25 Crore year on year, a growth of 16.2%. 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On standalone basis, GIL\u2019s core businesses comprise of viscose Staple fibre (VSF), caustic soda, speciality chemicals, rayon-grade wood pulp (RGWP) with plants at multiple locations. 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