Aditya Birla Real Estate Limited

Vijay Kaul

CEO, CENTURY PULP &

R. K. Dalmia

MANAGING DIRECTOR PAPER

K. T. Jithendran

CEO, BIRLA ESTATES

Snehal Shah

CFO

21%

ere also buoyant. For the second quarter of financial year 2023, the consolidated turnover grew by 21% YoY to INR 1211 crore, the EBITDA for Q2 FY ‘23 grew by 42% YoY to INR 189 crore with consolidated

INR 1211 crore

oyant. For the second quarter of financial year 2023, the consolidated turnover grew by 21% YoY to INR 1211 crore, the EBITDA for Q2 FY ‘23 grew by 42% YoY to INR 189 crore with consolidated EBITDA margins of 15

42%

23, the consolidated turnover grew by 21% YoY to INR 1211 crore, the EBITDA for Q2 FY ‘23 grew by 42% YoY to INR 189 crore with consolidated EBITDA margins of 15.6% and the net profit after tax stood

INR 189 crore

nsolidated turnover grew by 21% YoY to INR 1211 crore, the EBITDA for Q2 FY ‘23 grew by 42% YoY to INR 189 crore with consolidated EBITDA margins of 15.6% and the net profit after tax stood at INR 71 crore which

15.6%

re, the EBITDA for Q2 FY ‘23 grew by 42% YoY to INR 189 crore with consolidated EBITDA margins of 15.6% and the net profit after tax stood at INR 71 crore which grew by 122% YoY. Now, let me take you t

INR 71 crore

Y to INR 189 crore with consolidated EBITDA margins of 15.6% and the net profit after tax stood at INR 71 crore which grew by 122% YoY. Now, let me take you through some of the key highlights across all our th

122%

solidated EBITDA margins of 15.6% and the net profit after tax stood at INR 71 crore which grew by 122% YoY. Now, let me take you through some of the key highlights across all our three business verti

INR 33 crore

d up demand for quality housing. For the second quarter the real estate business revenue stood at INR 33 crore and INR 66 crore in H1 FY ‘23. Real Estate leasing income is steady, although there is a slight d

INR 66 crore

uality housing. For the second quarter the real estate business revenue stood at INR 33 crore and INR 66 crore in H1 FY ‘23. Real Estate leasing income is steady, although there is a slight drop of 6% on YoY b

6%

R 66 crore in H1 FY ‘23. Real Estate leasing income is steady, although there is a slight drop of 6% on YoY basis, primarily due to some old renewals at a lower rate, considering current market rates

INR 561 crore

ower due to higher corporate expenses due to growth in business. Booking value for Q2 FY ‘23 was INR 561 crore and collections at INR 294 crore. On a YoY comparison, it is 180.5% and 286.1% up respectively. Fo

INR 294 crore

nses due to growth in business. Booking value for Q2 FY ‘23 was INR 561 crore and collections at INR 294 crore. On a YoY comparison, it is 180.5% and 286.1% up respectively. For H1 FY ‘23 the bookings stood a

“Amidst a resounding response from the customers for our Gurugram project, we have launched the second phase of Birla Navya.”

“This project will further strengthen our presence in Bengaluru.”

“Our differentiators of very high customer centricity, extreme focus on being designed driven, and being digitally enabled by offering superior project delivery will play a key role in making us one of the top real estate developers in the country.”

“And as our main market is in the domestic apparel division, we expect steady demand and regular business from Q4.”

“This is our first prepared on voluntary basis, but will be part of the BRSR report, which will be mandatory from FY ‘23.”

“So, they will definitely there will be pressure on India to get these kinds of products from the market.”

“Now, the NSR of exports will also come to our domestic market because earlier because of the higher freight costs, that's why the NSR was going high but no as the freight costs are coming down, it will be reasonable, equalent to domestic.”

“And so competing industries will be Hello, can you provide some scope for others to ask question, we can come back to you later on.”

“So, did we take any price hike in our Century Mills project.”

“So, could you please explain more on this as to from where these losses are coming and elaborate more about accounting of the same and how long these losses will be there?”

KT Jithendran

9

Snehal Shah

8

Vijay Kaul

7

Nishith Shah

4

Harsh Pathak

3

Viraj Parekh

2

MODERATOR

1

Alpesh Thacker

1

Ajit

1

Ashish Kumar

1

Snehal Shah

Good day, ladies and gentlemen, and welcome to Q2 FY’23 Earnings Conference Call of Century Textiles and Industries hosted by Antique Stockbroking Limited. As a reminder, all participant lines will be in the listen-only mode and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call, please signal an operator by pressing “*” then “0” on your touch tone phone. Please note that this conference is being recorded I now hand the conference over to Mr. Biplab Debbarma, from Antique Stockbroking Limited. Thank you and over to you, sir. Thank you, Mitchel. Hello everyone, and welcome to the post results conference call to discuss 2Q FY ‘23 earnings of Century Textiles and Industries Limited. Today we have with us, the management of Century Textiles and Industry represented by Mr. R. K. Dalmia, Managing Director; Mr. Vijay Kaul, CEO, Century Pulp & Paper; Mr. K. T. Jithendran, CEO, Birla Estates; and Mr. Sneh

Vijay Kaul

also happy to release our FY ‘22 integrated report, showcasing our status on ESG as well as our roadmap for future. This is our first prepared on voluntary basis, but will be part of the BRSR report, which will be mandatory from FY ‘23. We urge are our investors to go through the report. In conclusion, we are happy that we had an overall strong performance this quarter, despite the macro challenges. The company will continue to pursue its goal of sustainable business and working on all controllables to lift its performance in an uncontrollable external environment. We can now open the floor for question-and-answer session. Thank you very much. Thank you very much. We will now begin the question-and-answer session. The first question is from the line of Nishith Shah from Aequitas Investment Consultancy Pvt. Ltd. Please go ahead. Good evening, sir, my question relates to paper division. So, first I would like to understand more on the imports part. So, you said that imports are coming in

Vijay Kaul

Yes, you see the earlier there was an anti dumping duty on certain products. So, you couldn't import. Now the anti-dumping duty has been removed, but the people have to get qualified under a scheme called BIS where they have to declare that what is the turnover what products we are making the company as a regular or that they are not in any run of the mill companies just rather important to this country. So, they have to mention all the figures and then only they can import for they're allowed to import only after they get the clearance. So, imports will come in because that was because the European market and the US market as on today is going through a recession. So, there will not be much of a demand in both segments. So, instead of supplying to the market has gone down to some extent. So, they will definitely there will be pressure on India to get these kinds of products from the market. But as the dollar is strengthening and rupee going down, maybe that may also have a lot of impo

Vijay Kaul

Overall terms not more than 10 to 15% Okay, Thank you. And lastly, I want to understand our input cost trajectory like are we saying our input cost now trending downwards? No not at all. Like the wood cost which is purely Indian, it is going up when the you know, bagasse we are also using for our making paper and paper products, for the bagasse cost is going up. So, the coal cost is already not come down from the figure of 14,000 - 15,000 per ton so it is still on the higher side and there is slight correction t}, CENTURYTEXTILESAND INDUSTR,IES LIMITED Century Textiles and Industries Ltd October 27, 2022 in terms of pulp prices, It is $25-$30 correction in $1,000 club there is $30 correction but that is clarified with weakening of the rupee

Viraj Parekh

Because they feel that everybody is increasing the prices so we should also increase the prices. So, today there's a trend in India that everybody should increase their prices to whatever extent they can and giving various reasons for that, you know, our coal is cheaper, my transportation is cheaper, my various other you know, things are costlier. So, because of that they are increasing the prices. And so competing industries will be Hello, can you provide some scope for others to ask question, we can come back to you later on. Biplab please control the number of questions people ask. The next question is from the line of Aditya Khairnar from Metaverse Equity Fund. Please go ahead. First of all, congratulations for your stellar performance. So, basically my question is in textile business as the pat rises by 118% as compared to previous quarters and we are seeing declining in turnover of textile business. So, what is your take on this? The declines if you see, there is no decline in th

Vijay Kaul

Yes, yes. So, this I mean, NSR has you know, moved really well from quarter four to INR 67 per kg to quarter to INR 84 per kg for a mainly talking from the domestic point of view. So, on the drawing board, I mean, what are the price hikes you have taken in in this year, from April till date and any other price hikes you've seen future coming in give me some idea? The price whatever cost to increase has been there, we have been able to pass on around 80% to 85% of that to the consumer and balance whatever we have achieved certain cost, you know, cost cutting measures which we are done in order to improve our efficiencies in the operations. Going forward. It looks a little difficult now to further increase the prices. But yes, we have a lot of scope in improving operational efficiencies and cutting down various costs and all that.