Tuesday, September 22, 2009

[Investors Please Listen] BILT Q4FY09 & FY09 Result Conference Call highlights

The results for the year were affected due to the closure in the Kamalapuram plant which manufactures Rayon grade pulp and the weak performance in Sabah industries.

The management believes that coated paper prices have already started firming up while uncoated paper prices especially in India will see further correction. Paper prices are directly dependent on pulp prices. Though pulp prices have started firming up globally, its subsequent effect in Paper prices will be seen in the coming quarters which should affect the company positively. 

Rayon grade pulp prices have started improving on account of revival of demand from the textile industry. The company has a 3 months order from its biggest buyer – Grasim and the plant is already running at full capacity.

The capex expected for the next 2 years will be to the tune of USD 145 mn which the company will raise through internal accruals. Though they have no plans of raising any further debt, equity dilution route at BPH levels may be considered for the same.

The company has a total debt of $ 565 mn due to their Netherland SPV and Rs 8 bn in India which includes an FCCB of Rs 2.5 bn. Repayment for this is expected to begin in March 2011.

Outlook on domestic demand supply scenario remains favourable.


--~--~---------~--~----~------------~-------~--~----~
Safe Harbor:
The information contained and provided on this Website provides Investment advice for the education of investors. The posts are an information service only. Recommendations, opinions or suggestions are given with the understanding that readers acting on this information assume all risks involved. We do not assume any responsibility or liability resulting from the use of such information, judgment and opinions for Trading or Investment purposes.

You received this message because you are subscribed to the Google Groups "Investors Please Listen !" group.
To post to this group, send email to investorspleaselisten@googlegroups.com
To unsubscribe from this group, send email to
investorspleaselisten+unsubscribe@googlegroups.com For more options, visit this group at http://groups.google.com/group/investorspleaselisten?hl=en
-~----------~----~----~----~------~----~------~--~---

No comments:

Blog Archive

Life Insurance | Health Insurance | Auto Insurance


Investors Please Listen !

 
More than 100 kinds of Insurance products from more than
20 companies under one roof.



Call: 9818269396 
investorspleaselisten@in.com
www.investorspleaselisten.blogspot.com

 

 

Safe Harbor:

The information contained and provided on this Website provides Investment advice for the education of investors. The posts are an information service only. Recommendations, opinions or suggestions are given with the understanding that readers acting on this information assume all risks involved. We do not assume any responsibility or liability resulting from the use of such information, judgment and opinions for Trading or Investment purposes.
Powered by Olark
Advertising Learn to Invest