Banswara Syntex Limited

rs,

ent economy, with domestic demand remaining steady. The performance in Q1FY24 was affected by factors, such as muted global demand and rising costs. However, there is a positive outlook as many global

Rs. 306

confidence in the attainment of our established objectives." 4 Q1FY24 Highlights Total Income* Rs. 306 cr EBITDA* Rs. 30 cr PBDT Rs. 24 cr PAT Rs. 10 cr *includes other income Yarn Key Highlights

Rs. 30

attainment of our established objectives." 4 Q1FY24 Highlights Total Income* Rs. 306 cr EBITDA* Rs. 30 cr PBDT Rs. 24 cr PAT Rs. 10 cr *includes other income Yarn Key Highlights  For Q1FY24, yarn

Rs. 24

r established objectives." 4 Q1FY24 Highlights Total Income* Rs. 306 cr EBITDA* Rs. 30 cr PBDT Rs. 24 cr PAT Rs. 10 cr *includes other income Yarn Key Highlights  For Q1FY24, yarn sales declined

Rs. 10

bjectives." 4 Q1FY24 Highlights Total Income* Rs. 306 cr EBITDA* Rs. 30 cr PBDT Rs. 24 cr PAT Rs. 10 cr *includes other income Yarn Key Highlights  For Q1FY24, yarn sales declined by 9% YoY and g

9%

PAT Rs. 10 cr *includes other income Yarn Key Highlights  For Q1FY24, yarn sales declined by 9% YoY and grew by 6% QoQ to Rs 134cr in Q1FY24 owing to a slowdown in the general market condition

6%

cludes other income Yarn Key Highlights  For Q1FY24, yarn sales declined by 9% YoY and grew by 6% QoQ to Rs 134cr in Q1FY24 owing to a slowdown in the general market condition  Despite the highl

Rs 134

er income Yarn Key Highlights  For Q1FY24, yarn sales declined by 9% YoY and grew by 6% QoQ to Rs 134cr in Q1FY24 owing to a slowdown in the general market condition  Despite the highly competitive

18%

e production and revenue for the upcoming quarter Fabric  For Q1FY24, fabric sales declined by 18% YoY and 27% QoQ to Rs 103cr in Q1FY24  Demand for fabrics in the domestic market and the Middle-E

27%

and revenue for the upcoming quarter Fabric  For Q1FY24, fabric sales declined by 18% YoY and 27% QoQ to Rs 103cr in Q1FY24  Demand for fabrics in the domestic market and the Middle-East remained

Rs 103

e for the upcoming quarter Fabric  For Q1FY24, fabric sales declined by 18% YoY and 27% QoQ to Rs 103cr in Q1FY24  Demand for fabrics in the domestic market and the Middle-East remained steady while

21%

tinue to de-stock their inventories until H1FY24 Garment  For Q1FY24, garment sales declined by 21% YoY and 36% QoQ to Rs 62cr in Q1FY24 on account of subdued demand from domestic and global retail

“02 Potential Partnerships  To shorten lead times by partnering with garment manufacturers in the leading Asian manufacturing hubs such as Bangladesh Myanmar, Sri Lanka, Vietnam  Leverage our marketing abilities by partnering with established players in the women’s wear segment which will lead to incremental growth  China+1 strategy adopted globally increases demand for Man-Made Fabrics manufactured in India 03 Target Markets”

“As we move forward, we anticipate improved demand for fabric in H2FY24, driven by the revival of global apparel demand during festive seasons worldwide.”

“TARGET EXPORT MARKETS Acquisition of new customers in the export Markets.”

“These efforts are proving to be fruitful, and we anticipate a significant improvement in export demand during H2FY24.”

“Considering the prevailing operating environment, we expect FY24's revenue to remain relatively flat when compared to FY23.”

“However, expect H2FY24 to be much better  Rs.”

“Therefore, we have revised our revenue target to Rs.”

Impact on Revenue and Margins

1

Employee Cost

1

Power Cost

1

Finance Cost

1

Other Expenditure

1

Potential partnerships with synergistic benefits

1

USA

1

Europe

1

Japan and South Korea

1

Investor Relations Advisors

1

Impact on Revenue and Margins

 The EBITDA margins for the quarter were influenced by persistently low realizations, a factor that was particularly pronounced in contrast to the reported increase in revenue within the Yarn division. Conversely, the Fabric and Garment divisions documented a reduction in their revenue figures.

Employee Cost

628.8 286.3 192.2 193.4 212.7  On a Q-o-Q basis, the employee benefit expenses excluding onetime cost of Rs 4 cr incurred in Q4FY23, have increased by 2% of the production value due to annual increments and seasonality factor

Power Cost

 Special fuel charges were levied by the AVVNL during the quarter amounting to Rs. 1.63 Crores. 14.1%  Lower production base value and product mix has also impacted increase of 2.2% 40.8 31.7 140.2 28.8 111.4 7.4% 32.6 1537.8

Finance Cost

 Finance cost in absolute value has been decreased due to lower utilisation of working capital facilities.

Other Expenditure

 Other expenditure has increased by 1.90% on production value as compared to Q4FY23 mainly on account of lower base of production value QoQ 6 *Production Value 310.9 380.6 About Us Our Specialty is Value Added Textiles Our Journey • Commenced Operations and started Yarn production with 12,500 spindles • Started Fabric Weaving under the Brand name ‘Bantex • Started first unit of 18 MW captive thermal power plant • Started production of Made- up's and Worsted Spinning • Started production of Super-stretch women Fabrics • Addition of additional processes to Vertical Integration • Shift towards Sustainable production through Recycled Fabrics 1976-00 2004-06 2007-08 2011-15 2016-18 2019-23 • Started production of Readymade Garments • Started production of wool & wool mixed fabrics in the brand name of `SaintX` for domestic supply. • Banswara Textile Mills Ltd. (BTM), an associate firm engaged in fabric finishing activity, amalgamated with the company • The Company entered Joint Venture wit

Potential partnerships with synergistic benefits

02 Potential Partnerships  To shorten lead times by partnering with garment manufacturers in the leading Asian manufacturing hubs such as Bangladesh Myanmar, Sri Lanka, Vietnam  Leverage our marketing abilities by partnering with established players in the women’s wear segment which will lead to incremental growth  China+1 strategy adopted globally increases demand for Man-Made Fabrics manufactured in India 03 Target Markets