Filatex India Ltd

- The transcript does not explicitly provide detailed figures or current orderbook status. - It mentions a subdued domestic demand and residual impact of massive fabric imports from China affecting the market. - However, there is an expectation of improved demand in the second half of FY '25, with demand normally better due to winter season and garment exports potentially increasing due to diversion of orders from Bangladesh. - No specific numbers or pending orderbook details shared during the call. - The company is optimistic about demand recovery in the second half and anticipates business growth from exports and domestic market improvements. - No direct commentary on current pending orders or confirmed orderbook status was provided.

- Currently, Filatex India Limited is not taking any new debt. - They plan to take debt of around INR 150 crores in a subsidiary company for their recycling plant to avail interest subsidies from the state government, expected mostly in FY '26. - Regarding future capital expenditure, the company plans a total capex of INR 300 crores for the recycling plant through a mix of equity and loans. - Additionally, the company plans to invest around INR 125 crores in expanding POY and FDY facilities as the market improves. - No specific equity fundraising details or timelines were provided in the transcript.

- Filatex India Limited plans a total capex of INR 425 crores over the next 2 years. - INR 300 crores will be invested in a subsidiary for a recycling plant with a capacity of 26,250 tons per annum; project expected to complete by December 2025. - Recycling plant funding will be a mix of equity and loans, with expected debt of around INR 150 crores in FY '26 to avail interest subsidies from the state government. - Additional INR 125 crores planned for increasing POY (Partially Oriented Yarn) and FDY (Fully Drawn Yarn) facilities, leveraging added cationic polymerization capacity. - Commercial production for cationic yarn expansion expected within 8-10 days from August 2024, initially with small volumes. - Land for recycling plant procured near existing Dahej plant; registration to complete shortly.

Future growth expectations for Filatex India Limited as per the transcript: - Sales volumes for Q1 FY25 were 95,962 MT vs. 100,211 MT in Q1 FY24, showing a slight decline but an expectation of recovery in the second half of FY25. - Second half of FY25 is expected to see significant improvement in EBITDA margins, targeting around 9%. - Demand is expected to improve in H2 FY25, driven by winter demand and diversion of garment export orders to India after Bangladesh issues. - No new capacity additions expected in next 6-12 months, likely supporting better utilization and demand. - Future growth is likely to be driven by expansion into polyester textile recycling (T2T) with a new 26,250 tons per annum recycling plant targeted for completion by December 2025. - Cationic yarn commercial production to start shortly, but initial volumes are small and expected to have limited near-term impact. - Export volumes remain low (~2%) with limited near-term growth expected due to raw material cost challenges.

- EBITDA margin currently around 5-6%, slightly declined by 0.1-0.2% from last quarter. - Significant margin improvement expected in Q3 and Q4 FY25, but exact figures not provided. - Second half of FY25 expected to have strong demand growth, supported by seasonal trends and potential export order diversion to India. - Operating EBITDA grew 35% YoY in Q1 FY25; net profit increased from INR18 crores to INR32 crores vs. Q1 FY24. - No major improvement expected in H1 FY25 margins; H2 FY25 margins anticipated close to ~9%. - Cationic yarn commercial production to start soon, with minor margin impact initially due to small volumes. - No significant export growth expected due to raw material cost parity issues; domestic growth outlook better. - Capex planned (~INR425 crores over 2 years) focused on recycling plant and expanding POY/FDY capacity for future growth.