BSL Limited Q4 and FY23 Earnings Conference Call Summary
Overview
• Date: May 9, 2023
• Participants: Mr. Nivedan Churiwal (Managing Director), Mr. Praveen Jain (Director Operations)
• Focus: Insights into the Indian textile industry and BSL's performance
Industry Outlook
• Positive outlook for the Indian textile industry
• Increased demand and utilization despite challenges
• BSL's diverse product range supports growth, especially in exports (operating in 55+ countries)
Financial Performance
• Revenue: Increased by 8.2% to ₹472 crores
• EBITDA: Rose by 33.8% to ₹53 crores
• PAT: Grew by 66% to approximately ₹19 crores
• Dividend: ₹1.50 per share announced
Debt Management
• Debt repayment schedule:
• FY23-24: ₹12 crore
• FY24-25: ₹23 crore
• FY25-26: ₹25 crore
• Discussion on potential prepayment of debt to reduce interest burdens
Capital Expenditures (CAPEX)
• Expected turnover from new CAPEX: Additional ₹250 crore annually
• Breakeven timeline: Anticipated profitability in the first year despite cotton price volatility
• Growth in home furnishing segment, particularly through partnership with IKEA
Debt Status
• Total debt:
• Long-term debt: ₹169 crore
• Working capital limits: ₹186 crore
Cotton Prices
• Current stable cotton prices: ₹61,500 to ₹63,000 per candy
Conclusion
• Call concluded with no further questions, management expressed optimism for continued growth across all segments.