BKT Concall 18 Feb 2013. Short Notes from my side.
2 months of RM inventory @ avg 160-165/kg
demand situation seen improving in this quarter
Growth in current quarter should be 10% over last Qr
Capex completed by dec Qr -1283 Cr out of a total outlay of 1800 Cr
Interest Costs likely with total debt of 1800-1900 Cr for next year
Debt costs - 60 Cr?
yes thats the peak that can be touched
but next year will be less
Current order book 2.5 months
Dec -220 Cr
Mar 500-600 Cr
)- basically because of Inventory cut-down across all channels
)- so all your channels are now inventory clear? yes
2000 Cr Gross Debt
1700 Cr Net Debt
After Bhuj Debt?
Should be around 2200 Cr
So @5% interest cost - 100-110 Cr?
No no Working cap @ 1.5% and Long Term Debt less than 3%
peak interest cost should not be more than 60 Cr
Capitalised Interest costs in quarters
Everything is capitalised;; whats that figure capitalised?
Dont have it right now
Depreciation Guidance for FY14
Should be around 160 Cr for the year
can you hold it over next 2-3 quarters
difficult to say - if RM comes down further, or others offer a price cut