Vesuvius India (520113) Q4 2024 earnings summary

Executive summary

• FY24 delivered record performance: revenue from operations rose 16.6% to ₹1,869 crore and PAT increased 24.2% to ₹265 crore, supported by market-share gains, improved realisations and cost efficiencies.

• Technology-led growth, expanded local manufacturing and customer partnerships were central priorities; three new plants were inaugurated during 2024.

Financial highlights

• Revenue from operations ₹1,86,857 lakh vs ₹1,60,313 lakh in FY23; PBT ₹34,884 lakh, up ~22% YoY, and PAT ₹26,452 lakh vs ₹21,294 lakh.

• PBIDT ₹396 crore, up 23.0%; EPS ₹130.33, up 24.2%; net worth ₹1,431 crore, up 19.9%.

• Operating cash inflow increased to ₹25,812 lakh from ₹8,238 lakh; cash and cash equivalents were ₹15,832 lakh at year-end.

• Other income included a non-recurring ₹1,507 lakh gain on exchange of Visakhapatnam land; reported PBT and PAT include this item.

Outlook and guidance

• Growth priorities include capacity expansion, advanced manufacturing, product diversification, technology, data-led insights and workforce development; no quantified FY25 financial guidance was stated.

• Visakhapatnam AIS and Basic Monolithic facilities are expected to add 250,000 tonnes of annual capacity once in commercial production.

• VR safety training is planned for rollout across all sites in 2025; sustainable procurement policy adherence is targeted across all domestic raw-material suppliers.