Previous guidance: FY24’s topline should be between 10 to 11k.
- Q1FY24’s revenue was ~2500.
- H1 v/s H2 Revenue split is 60:40
Guidances from concall Q1FY24:
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Astec: Some products still have headwinds… Aiming to double revenue from CDMO biz ever year for the new couple of years… However, FY25 onwards target is 20-25% growth.
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Dairy Biz (15% FY23 Revenue): “Hoping to be PBT positive in this quarter”
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Palm Oil (13% of FY13 Revenue): “No way our OER will be below last year on an annual basis… Possible for us to plant is close to about 100,000 hectares over and above the area we have in the next 5 to 6 years. The kind of infrastructure of nursery and other people we have created, we will ramp up our planting every year from 3,000, 4,000 per hectare in last year to about 10,000 to 12,000 going up to 15,000, 16,000 in 5 years’ time. The first results of this addition we will start seeing from
FY 28, FY 29 and full impact, you will see in FY 30 and FY 31.” -
Animal Feed (50% of FY23 revenue):
a) EBITDA margin should be back to FY22 levels - Q1FY23 is @4.2% (If I am not wrong them margin was 5ish% in FY22)…
b) Volume growth 8% to 10% -
Demergers? “We are working on I thi… So I think we are moving in that direction there”
Link to transcript: https://www.bseindia.com/xml-data/corpfiling/AttachLive/9b353407-ab98-4ec9-b64f-633d7969c3c6.pdf