{"id":133784,"date":"2022-09-09T06:38:39","date_gmt":"2022-09-09T10:38:39","guid":{"rendered":"https:\/\/44.250.171.167\/?p=133784"},"modified":"2022-10-06T04:58:30","modified_gmt":"2022-10-06T08:58:30","slug":"ifgl-refractories-limited-q1-fy23-earnings-conference-call-insights","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/ifgl-refractories-limited-q1-fy23-earnings-conference-call-insights\/","title":{"rendered":"IFGL Refractories Limited Q1 FY23 Earnings Conference Call Insights"},"content":{"rendered":"<p><strong>Key highlights from IFGL Refractories Limited (<a href=\"https:\/\/44.250.171.167\/symbol\/IFGLEXPOR\/\">IFGLEXPOR<\/a>) Q1 FY23 Earnings Concall<\/strong><\/p>\n<p><strong>Q&amp;A Highlights:<\/strong><\/p>\n<ul>\n<li>Laxmi Narayana asked about the band of GM the company can operate and the sustainability of it. Kamal Sarda CEO replied that the company still maintains the margins that it had told in the past. In 1Q23, due to rupee depreciation, the continuous increase in freight cost, price increase and slowdown in steel industry GM was affected.<\/li>\n<\/ul>\n<ul>\n<li>Hitesh with Aksa Capital enquired about the pricing with domestic customers, the contract terms. Kamal Sarda CEO said the domestic contracts are 6 months to 1 year contract, but from recent times it\u2019s in the 3-6 month range. On pricing, the company did price increase in 4Q22, while in 1Q23 the increase was marginal.<\/li>\n<\/ul>\n<ul>\n<li>Hitesh with Aksa Capital asked about the price hike, and if RM prices decline, will the company benefit from it. Kamal Sarda CEO replied that price decisions are discussed when the contract renewal takes place.<\/li>\n<\/ul>\n<ul>\n<li>Sanjay Nandi of Ratnabali Investment asked about the driver of EBITDA margin declining a bit on a YoY basis vs. peers. Kamal Sarda CEO answered that the impact on EBITDA has been on the standalone results. So that has been transferred to consolidated results.<\/li>\n<\/ul>\n<ul>\n<li>Saket Kapoor from Kapoor Company asked if the RM pass on happened completely or if the company is expecting any further reduction in margins. Kamal Sarda CEO replied that the margin improvement will break for 2Q23 and 3Q24. The target is to remain at 15% plus EBITDA.<\/li>\n<\/ul>\n<ul>\n<li>Saket Kapoor of Kapoor Company enquired about the utilization level expectation. Kamal Sarda CEO replied that as of now the company is at the same levels as it was in the past.<\/li>\n<\/ul>\n<ul>\n<li>Subham Agarwal of Aequitas asked about the capex timeline of each of the three projects and the total potential revenue. Kamal Sarda CEO answered that the potential timeline is FY24 and it will come in phases. On the topline growth, the company normally takes a level of about 3-3.5 times of capex and it will take 3-5 year time to reach that level.<\/li>\n<\/ul>\n<ul>\n<li>Raj Shah asked about the capacity utilization for 1Q23 on a consolidated level. Kamal Sarda CEO replied that there are various companies at various product levels. So some of product levels the capacity utilization could be anywhere between 85-90% and some will have 60% or so. So average around 75%.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Key highlights from IFGL Refractories Limited (IFGLEXPOR) Q1 FY23 Earnings Concall Q&amp;A Highlights: Laxmi Narayana asked about the band of GM the company can operate and the sustainability of it. Kamal Sarda CEO replied that the company still maintains the margins that it had told in the past. In 1Q23, due to rupee depreciation, the [&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":"IFGL Refractories Limited Q1 FY23 Earnings Conference Call Insights #IFGLEXPOR #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":[8220,9713],"class_list":["post-133784","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings-call-highlights","category-earnings","category-industrials","tag-building-materials","tag-cement"],"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":128296,"url":"https:\/\/alphastreet.com\/india\/ifgl-refractories-limited-q3-fy22-earnings-conference-call-insights\/","url_meta":{"origin":133784,"position":0},"title":"IFGL Refractories Limited Q3 FY22 Earnings Conference Call Insights","author":"Praveen","date":"March 17, 2022","format":false,"excerpt":"https:\/\/youtu.be\/3-NFwevyv3o Key highlights from IFGL Refractories Limited (IFGLEXPOR) Q3 FY22 Earnings Concall Management Update: IFGLEXPORF said that in FY23 the company plans to spend about INR10 crores in the Orissa and Kandla plant and at Vishakhapatnam, in the Phase 2 expansion, the company expects to spend about INR20 crores, which\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\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":142484,"url":"https:\/\/alphastreet.com\/india\/ifgl-refractories-limited-ifglexpor-q3-fy23-earnings-concall-transcript\/","url_meta":{"origin":133784,"position":1},"title":"IFGL Refractories Limited (IFGLEXPOR) Q3 FY23 Earnings Concall Transcript","author":"IRS_INDIA","date":"February 22, 2023","format":false,"excerpt":"IFGL Refractories Limited (NSE:IFGLEXPOR) Q3 FY23 Earnings Concall dated Feb. 07, 2023. Corporate Participants: Kamal Sarda\u00a0--\u00a0Director and Chief Executive Officer Analysts: Sahil Sanghvi\u00a0--\u00a0Monarch Networth Capital Limited -- Analyst Prachi Sharma\u00a0--\u00a0Ace Capital Pvt Ltd -- Analyst Sanjay Nandi\u00a0--\u00a0Ratnabali Investment Pvt Ltd -- Analyst Anuj Shah\u00a0--\u00a0Shrinath Securities -- Analyst Riya Verma\u00a0--\u00a0NR Securities\u2026","rel":"","context":"In &quot;Earnings Call Transcripts&quot;","block_context":{"text":"Earnings Call Transcripts","link":"https:\/\/alphastreet.com\/india\/category\/transcripts\/"},"img":{"alt_text":"Earnings Conference Call Transcript","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":132709,"url":"https:\/\/alphastreet.com\/india\/delhivery-ltd-q1-fy23-earnings-conference-call-insights\/","url_meta":{"origin":133784,"position":2},"title":"Delhivery Ltd Q1 FY23 Earnings Conference Call Insights","author":"Praveen","date":"August 10, 2022","format":false,"excerpt":"https:\/\/youtu.be\/0-6Gx-4L8xU Key highlights from Delhivery Ltd (DELHIVERY) Q1 FY23 Earnings Concall Q&A Highlights: Abhishek Pathak of HSBC asked about the sequential pressure in global e-com volumes and if the company is seeing anything similar in the India e-com space over the short term. Sahil Barua CEO replied that the company\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\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":131736,"url":"https:\/\/alphastreet.com\/india\/asian-paints-limited-q1-fy23-earnings-conference-call-insights\/","url_meta":{"origin":133784,"position":3},"title":"Asian Paints Limited Q1 FY23 Earnings Conference Call Insights","author":"Praveen","date":"July 27, 2022","format":false,"excerpt":"Key highlights from Asian Paints Limited (ASIANPAINT) Q1 FY23 Earnings Concall Management Update: ASIANPAINT said its volume growth of 37% for 1Q23 was one of the highest volume growth in the last six quarters. 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Financial Results: IFGL Refractories Ltd reported Revenues for Q1FY24 of \u20b9424.00 Crores up from \u20b9359.00 Crore year on year, a rise of 18.11%. Total Expenses for Q1FY24 of \u20b9387.00 Crores up from\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\/08\/image-237.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-237.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-237.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-237.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-237.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-237.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":131817,"url":"https:\/\/alphastreet.com\/india\/laurus-labs-limited-q1-fy23-earnings-conference-call-insights\/","url_meta":{"origin":133784,"position":5},"title":"Laurus Labs Limited Q1 FY23 Earnings Conference Call Insights","author":"Praveen","date":"July 29, 2022","format":false,"excerpt":"https:\/\/youtu.be\/gMXrmnAGz9Y Key highlights from Laurus Labs Limited (LAURUSLABS) Q1 FY23 Earnings Concall Management Update: LAURUSLABS said it expects the US filing pace to pick up in FY23. In new markets, the company validated two products as part of CMO opportunity and expects significant upside in FY23 from these products. 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