{"id":136890,"date":"2022-11-15T08:18:37","date_gmt":"2022-11-15T13:18:37","guid":{"rendered":"https:\/\/44.250.171.167\/?p=136890"},"modified":"2022-11-15T08:18:38","modified_gmt":"2022-11-15T13:18:38","slug":"mitsu-chem-plast-ltd-q2-fy23-earnings-conference-call-insights","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/mitsu-chem-plast-ltd-q2-fy23-earnings-conference-call-insights\/","title":{"rendered":"Mitsu Chem Plast Ltd Q2 FY23 Earnings Conference Call Insights"},"content":{"rendered":"<p><strong>Key highlights from Mitsu Chem Plast Ltd (<a href=\"https:\/\/44.250.171.167\/symbol\/MITSU\/\">MITSU<\/a>) Q2 FY23 Earnings Concall<\/strong><\/p>\n<p><strong>Management Update:<\/strong><\/p>\n<ul>\n<li>[00:04:13] MITSU said it\u2019s diversifying into new product category of plastic pail that\u2019s mainly used for packaging of lubricants, paint, ink and food for the FMCG industry.<\/li>\n<\/ul>\n<p><strong>Q&amp;A Highlights:<\/strong><\/p>\n<ul>\n<li>[00:10:06] Nairit Gala from TSG Capital asked about FPO approval and the timeline for it. Manish Dedhia Jt. MD said the company received SEBI approval in Oct. and added that the exact date cannot be predicted.<\/li>\n<\/ul>\n<ul>\n<li>[00:14:08] Yashwanti Khedkar enquired about the company\u2019s outlook on the RM side. Manish Dedhia Jt. MD replied that lot of commodity prices are going down and many companies are benefiting from it. MITSU added that it will also take advantage of the same.<\/li>\n<\/ul>\n<ul>\n<li>[00:15:04] Yashwanti Khedkar asked about the reason for 10% increase in employee cost. Manish Dedhia Jt. MD answered that many new recruitment has started and MITSU is also planning to have a big expansion.<\/li>\n<\/ul>\n<ul>\n<li>[00:16:37] Yashwanti Khedkar asked about the margin outlook for FY23 and if 9% half yearly margin will be maintained. Manish Dedhia Jt. MD replied that 3Q and 4Q can improve much better all over the industry. On 9%, MITSU has to improve from there and it\u2019s not the benchmark.<\/li>\n<\/ul>\n<ul>\n<li>[00:25:11] Abhishek Agarwal of Prithvi Finmart asked about revenue de-growth QonQ and YonY and how the next quarter will look like. Manish Dedhia Jt. MD said that MITSU generally goes with the whole year than the quarter. MITSU added that it will achieve the same growth as it is currently and is on the growth path.<\/li>\n<\/ul>\n<ul>\n<li>[00:29:01] Abhishek Agarwal of Prithvi Finmart asked about the revenue breakup industry wise, and by geography. Manish Dedhia Jt. MD answered that MITSU is not exporting its goods to any of the country but giving to exporters who make chemical, pharmaceutical product and export. MITSU\u2019s major market is Maharashtra, Gujarat for packaging industry. In hospital furniture, MITSU supply to all over India.<\/li>\n<\/ul>\n<ul>\n<li>[00:33:13] Abhishek Agarwal of Prithvi Finmart enquired what EBITDA margin MITSU can expect in next 2-3 years. Manish Dedhia Jt. MD replied that it will be much better than the last year EBITDA. The market is improving in many aspects and MITSU is also expanding.<\/li>\n<\/ul>\n<ul>\n<li>[00:37:08] \u00a0Abhishek Agarwal of Prithvi Finmart asked about the revenue breakup of end user industry. Manish Dedhia Jt. MD said MITSU is supplying 85% to blow molding packaging items. Around 9-10%, MITSU is supplying to hospital furniture vertical and around 6-6.5% are other vertical.<\/li>\n<\/ul>\n<ul>\n<li>[00:37:58] Akhil Parekh with Centrum Broking asked about the absolute volume numbers of 2Q23 and 1H23. Kashmira Dedhia VP Accounts answered that in volume, MITSU grew by 5% vs. 2Q22 and for 1H23, MITSU grew almost 5.5%.<\/li>\n<\/ul>\n<ul>\n<li>[00:52:02] Aditya Jain of AJ Capital asked about the FPO side, as the company has already got approval, how much time does it take to launch. Manish Dedhia Jt. MD answered that it will take some more time and it will come up very soon.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Key highlights from Mitsu Chem Plast Ltd (MITSU) Q2 FY23 Earnings Concall Management Update: [00:04:13] MITSU said it\u2019s diversifying into new product category of plastic pail that\u2019s mainly used for packaging of lubricants, paint, ink and food for the FMCG industry. Q&amp;A Highlights: [00:10:06] Nairit Gala from TSG Capital asked about FPO approval and 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":"Mitsu Chem Plast Ltd Q2 FY23 Earnings Conference Call Insights #MITSU #Q2 #FY23 #Earnings #Stocks","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":[8519,10169,9478],"class_list":["post-136890","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings-call-highlights","category-earnings","category-industrials","tag-chemicals","tag-earnings","tag-industirals"],"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":133590,"url":"https:\/\/alphastreet.com\/india\/mitsu-chem-plast-ltd-q1-fy23-earnings-conference-call-insights\/","url_meta":{"origin":136890,"position":0},"title":"Mitsu Chem Plast Ltd Q1 FY23 Earnings Conference Call Insights","author":"Praveen","date":"August 30, 2022","format":false,"excerpt":"https:\/\/youtu.be\/277j_x20WTY Key highlights from Mitsu Chem Plast Ltd (MITSU) Q1 FY23 Earnings Concall Q&A Highlights: Nairit Gala of TSG Capital asked about the number of clients added in 1Q23 vs. 4Q22. Manish Dedhia CFO replied that new clients added is about 25 plus in 1Q23 mostly from chemical and pharmaceutical\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":178914,"url":"https:\/\/alphastreet.com\/india\/mitsu-chem-plast-limiteds-q3-fy26-ebitda-rises-73-and-net-profit-grows-217-yoy\/","url_meta":{"origin":136890,"position":1},"title":"Mitsu Chem Plast Limited&#8217;s Q3 FY26 EBITDA Rises 73% and Net Profit Grows 217% YoY","author":"Staff Correspondent","date":"February 2, 2026","format":false,"excerpt":"About Mitsu Chem Plast Ltd. Mitsu Chem Plast Ltd. (NSE: MITSU and BSE: 540078) engages in the manufacture of plastic blow-molded and injection-molded products. The company is headquartered in Mumbai, Maharashtra. The company went IPO on 2016-09-09. The firm's container product group includes blow-molded and injection molded products, ranging from\u2026","rel":"","context":"In &quot;Other Industries&quot;","block_context":{"text":"Other Industries","link":"https:\/\/alphastreet.com\/india\/category\/other-industries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/10\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/10\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/10\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":146830,"url":"https:\/\/alphastreet.com\/india\/mitsu-chem-plast-ltd-mitsu-q4-fy23-earnings-concall-transcript\/","url_meta":{"origin":136890,"position":2},"title":"Mitsu Chem Plast Ltd (MITSU) Q4 FY23 Earnings Concall Transcript","author":"IRS_INDIA","date":"May 21, 2023","format":false,"excerpt":"Mitsu Chem Plast Ltd (NSE:MITSU) Q4 FY23 Earnings Concall dated May. 16, 2023. Corporate Participants: Unidentified Speaker\u00a0-- Manish Dedhia\u00a0--\u00a0Joint Managing Director and Chief Financial Officer Kashmira Dedhia\u00a0--\u00a0Vice President, Accounts and Finance Analysts: Unidentified Participant\u00a0--\u00a0-- Analyst Anant Chaudhary\u00a0--\u00a0Electrum Portfolio -- Analyst Sriram R\u00a0--\u00a0Investor -- Analyst Prakash Jaiswal\u00a0--\u00a0Investor -- Analyst Akhil Parekh\u00a0--\u00a0Centrum\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":136071,"url":"https:\/\/alphastreet.com\/india\/mitsu-chem-plast-ltd-mitsu-q1-fy23-earnings-concall-transcript\/","url_meta":{"origin":136890,"position":3},"title":"Mitsu Chem Plast Ltd (MITSU) Q1 FY23 Earnings Concall Transcript","author":"IRS_INDIA","date":"August 11, 2022","format":false,"excerpt":"Mitsu Chem Plast Ltd (BSE: MITSU) Q1 FY23 Earnings Concall dated Aug. 11, 2022 Corporate Participants: Manish Dedhia\u00a0--\u00a0Joint Managing Director & Chief Financial Officer Kashmira Dedhia\u00a0--\u00a0Vice President, Finance & Accounts Analysts: Sumit Maru\u00a0--\u00a0Kiran Advisors Private Limited -- Analyst Manan Poladia\u00a0--\u00a0MKP Securities -- Analyst Narit\u00a0--\u00a0TSG Capital -- Analyst Rohit Suresh\u00a0--\u00a0Samatva Investments\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":"","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":179219,"url":"https:\/\/alphastreet.com\/india\/mitsu-chem-plast-ltd-mitsu-q3-2026-earnings-call-transcript\/","url_meta":{"origin":136890,"position":4},"title":"Mitsu Chem Plast Ltd (MITSU) Q3 2026 Earnings Call Transcript","author":"News desk","date":"February 2, 2026","format":false,"excerpt":"Mitsu Chem Plast Ltd (NSE: MITSU) Q3 2026 Earnings Call dated Feb. 02, 2026 Corporate Participants: Ganesh Nalawade \u2014 Investor Relations, Kirin Advisors Manish Dedhia \u2014 Joint Managing Director & Chief Financial Officer Kashmira Dedhia \u2014 General Manager, Account and Finance. Analysts: Aditya Singla \u2014 Analyst Maitri Shah \u2014 Analyst\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":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/Transcript-thumbnail.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/Transcript-thumbnail.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/Transcript-thumbnail.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":135095,"url":"https:\/\/alphastreet.com\/india\/nazara-technologies-ltd-q2-fy23-earnings-conference-call-insights\/","url_meta":{"origin":136890,"position":5},"title":"Nazara Technologies Ltd Q2 FY23 Earnings Conference Call Insights","author":"Praveen","date":"October 24, 2022","format":false,"excerpt":"Key highlights from Nazara Technologies Ltd (NAZARA) Q2 FY23 Earnings Concall Management Update: [00:07:48] NAZARA said that at Sportskeeda, it continues to grow its U.S revenues, that grew 2.6 times in 2Q23, driven by higher video revenues and strengthening offering in eSports as well as core sports. Q&A Highlights: [00:11:28]\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":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/136890","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/users\/1767"}],"replies":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/comments?post=136890"}],"version-history":[{"count":0,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/136890\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media\/125416"}],"wp:attachment":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media?parent=136890"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=136890"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=136890"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}