BirlaNu Ltd

- There is no explicit mention on page 32 or the surrounding pages about any current or future fundraising plans through debt or equity. - The management did not discuss raising funds via debt or equity in the closing remarks or Q&A. - They emphasized focus on execution, cost optimization, and organic growth rather than dilution or new financing. - Current consolidated debt is Rs. 548 Crore with a debt-to-equity ratio of 0.44 as of March 31, 2024. - The company is confident in generating healthy cash flows going forward, implying no immediate need for external fundraising. - For further clarifications, management suggests reaching out to investor relations.

- Yes, there are plans for capacity addition, especially in the Building Solutions segment focused on non-commodity, higher-margin products like designer boards. - The company is evaluating the potential for additional capacity in the Western market for Building Solutions and will announce concrete plans in due course. - Strategic investments will be made in business development activities, including marketing and new product introductions, particularly in the Parador (flooring) segment. - Cost optimization programs are ongoing, targeting logistics and power & fuel to improve profitability. - Investment is also directed towards strengthening sales capabilities and expanding presence in new geographies outside core Central European markets. - Digital initiatives such as SAP, SFA, CRM, loyalty programs, and analytics platforms are being implemented to enhance operational efficiency. - No large-scale capex mentioned but targeted, strategic investments aligned with growth and profitability goals.

- Roofing segment: 8%-10% revenue growth expected (FY25) with margin improvement of 200-300 bps. - Building Solutions: Anticipated revenue growth north of 20%-25%, aided by capacity expansions and a 350-400 bps margin improvement. - Pipes and Fittings: Organic volume growth targeted at 25%-30%, with integration of Topline acquisition contributing ~20% volume growth. - Construction Chemicals (Putty, CC segment): Strong growth with 30%-35% revenue increase expected. - Parador (Flooring segment): Revenue growth near 15%-20%, aiming for positive EBITDA in FY25 and scaling to ~12% operating margin by FY27, with volume growth of 17%-22%. - Overall focus on volume growth as the primary driver across segments, supported by capacity additions, operational leverage, and value-added product introductions. - FY26 consolidated EBITDA margin projected around 10%-12%, improving from 7.5%-8% in FY25.

- Consolidated EBITDA margin expected to improve from 7.5%-8% in FY25 to 10%-12% in FY26. - Polymer segment profitability expected to remain stable with growth of 8%-10% and improved EBITDA margin by over 300 basis points in FY24. - Parador aims for 15%-20% revenue growth with EBITDA margin progressing from 3%-4% in FY25 to near 12% by FY27. - Pipes & Fittings volume growth targeted at 25%-30% organically, with additional growth from acquisitions. - Roofing segment expected revenue growth of 8%-10% with margin improvement of 200-300 basis points. - Building Solutions segment revenue growth above 20%-25%, aiming for a 350-400 basis points margin improvement over FY23 levels by FY25. - Overall, the company targets doubling revenues by FY26-FY27 and achieving a healthy margin profile driven by operating leverage, cost control, and value-added products.

- Parador's current order book, despite churn and lost opportunities, is estimated around EUR 80-85 million. - This is considered a healthy pipeline to maintain business momentum. - The typical win ratio for orders in the pipeline is about 35%. - Orders in the pipeline usually have a 2 to 4 months conversion period before they become revenues. - The steady tracking of the order book exceeding turnovers over the last 3-4 months has been a key confidence driver for recovery. - The company has reorganized sales teams and opened new channels (DIY retail in Western Europe and Nordics), enhancing order pipeline prospects. - New product launches and strengthened commercial efforts are expected to contribute to pipeline replenishment and growth.