ROHL – Amit Jaiswal – CFO
- Our occupancy will cross 80%, already at 78% occupancy across our hotels
- Pune, Mumbai, Navi Mumbai hotels does 90%+ occupancy
- Average revenue did not see much growth last year ~ Rs 3800. FY19 will see 8-10% growth
- Average Revenue grows when your competition is also doing well
- Margins will improve by atleast 20%+ , By year end we should be seeing margin improvement by 25-30%
- If trend continues, in FY20 consolidated EBITDA will cross 50 crs
- For Powai land - Waiting for official gazette approval by mumbai government for change of land use from hotel project to commercial which will give us a better value, we may slog it off by outright sale or can do joint development. Size of plot is little more than an acre (5500 sq. mt)
- Tanzania land - will like to close it out this financial year - ~25 crores can be the value
- Current debt on books is 36 crs standalone and 76 crs consolidated
- We are also looking into some leased assets to increase our topline and profitability
Full Interview:
https://twitter.com/CNBCTV18News/status/986480329312501760?s=08
India Cements - Rakesh Singh, President
- In last 5 years south had no demand growth or negative demand growth
- We had a growth of 1% in Q2FY18, 6% in Q3FY18 and 15% in Q4FY18 leading to 4% growth for the year
- Last quarter growth from AP and Telangana was as high as 37%, for a year as a whole it was 17%
- Lack of demand from Tamil Nadu due to lack of water, sand mining issues. Decent growth of 4% in last quarter
- If Tamil Nadu comes back on track, we look forward to 10% growth for current year
- Big trigger was AP and Telangana government doing irrigation projects, one has to see Kaleshwaram project of Telangana, amount of concrete going in is unbelievable
- Low cost housing, irrigation and road projects are slowly taking shape in Maharashtra, Karnataka
- Believe lack of demand from Tamil nadu and kerela is behind us, can see better growth on low base in coming quarters
- In Q4 industry operated at 68% capacity utilizations, for year as a whole we are nearly close to 60%
- Plants in north of south will do better than plants in south of south, we have 4 plants in AP and Telangana
- For India cements capacity utilizations in Q4 was at 70%
- Wont rule out industry capacity utlizations at 70% and India cements at 75% if there is 10-12% growth plus Maharashtra is growing at 11%
- In commodity pricing is the most important thing but pricing power is not currently with manufacturers, have seen some marginal improvement though
- Cost of Pet coke and Coal are substantially up, so the prices of cement has to be up for companies to make decent profits
- As demand will grow we see to make more than what we will loose on cost front
Full Interview :
https://www.youtube.com/watch?v=-kRKBCvP7MY