RSWM Ltd

- No specific mention of any current or future new fundraising through debt or equity in the call. - Right issue money raised earlier has been utilized for: - Repayment of long-term borrowings, reducing term loan interest. - Long-term working capital. - Margin money for some expansions (not fully for all expansions). - Capital work in progress of ₹183 Cr. is ongoing with planned capitalization around September-October FY24. - No fresh fundraising plans disclosed for FY24 or beyond during the call.

- Expansion underway at Lodha plant for 51,000 spindles with a planned completion around September/October FY24. - Recent addition of 30,000 spindles at Kharigram plant is fully operational. - Expansion in denim and knit businesses also underway; knitting plant expected to reach full capacity in H1 FY24. - Capital work in progress of ₹183 Cr. for FY23 aiming at capacity addition; expected incremental turnover details not specified. - No new property acquisitions; ₹30 Cr. investment in property is a reclassification of existing Mumbai office as investment property, not new purchase. - Acquired BG Power (100% subsidiary) to leverage incentives for captive power plant; acquisition amount ₹5 Cr. - Right issue funds used for repaying long-term borrowings, long-term working capital, and margin money for expansions, not fully covering all expansions.

- RSWM anticipates continuous improvement in demand and positive growth throughout FY24, following the encouraging recovery signs in Q4FY23. - The company completed capacity expansions, such as 30,000 spindles running at full capacity and denim business expansion operational in FY23. - A major spinning plant expansion with 51,000 spindles is expected to be completed around September-October FY24, which will add to production capacity. - The knitting plant, facing initial issues, is targeted to run at full capacity (400 metric tons) by H1FY24. - The company’s strategic plans discussed in the Ignite 2026 leadership program focus on growth and operational excellence. - Efforts to capitalize on sustainable fashion and zero discharge plants are expected to create new opportunities. - Improved operational efficiencies and cost management aim to support revenue growth despite market challenges.

- Q4FY23 showed encouraging signs of recovery with a 15.3% QoQ growth in total income and a threefold increase in EBITDA compared to Q3FY23, indicating positive momentum. - Management is optimistic that the positive trend in demand and operational performance will continue throughout FY24. - Expansion projects are underway, including a 51,000 spindle plant expected to be operational by September/October 2023, likely contributing to capacity and turnover growth. - The knit business aims to stabilize and produce at full capacity (400 MT) in FY24, which should bolster revenue. - Sustainability initiatives and the focus on sustainable fashion signal potential new market opportunities. - While FY23 EBITDA margins were lower at 9% vs. 12.2% in FY22, diligent cost controls and pricing strategies aim to sustain profitability. - No explicit EPS guidance was provided, but overall tone suggests steady improvement in earnings and operating performance in FY24.

- For March FY23, order position for the next financial year looks positive as per the discussion with AM Lodha. - The company operates approximately on a 60:40 ratio between order-based and commodity-based production. - Q4 FY23 saw a 15.3% growth in total income QoQ, indicating improving demand. - Marketing efforts in Q4 helped reduce stock levels and increase sales compared to Q3. - Knit business is yet to stabilize but targets 400 metric tons production in FY24. - Demand is expected to continue improving throughout FY24. - No explicit numeric order book or pending order figures were provided in the call.