Ion Exchange (india) Ltd. · NSE:IONEXCHANG
Ion Exchange (india) — Q2 FY2025 Earnings Presentation
24 slides from Ion Exchange (india)'s earnings presentation, Nov 14, 2024
Slide 1: Submission of Analyst / Investor Presentation to Stock Exchanges
November, 14 2024 To BSE Limited National Stock Exchange of India Limited The Corporate Relationship Dept. Exchange Plaza, C-1, Block- G, P.J. Towers, Dalal Street Bandra Kurla Complex, Bandra (East), Mumbai-400 001 Mumbai-400 051 Scrip Code: 500214 Scrip Code: IONEXCHANG Sub: Submission of Analyst
Slide 2: Earnings Presentation – Q2/H1-FY25
EARNINGS PRESENTATION – Q2/H1-FY25
Slide 3: Executive Summary
Executive Summary • Ion Exchange (India) Ltd (Ion Exchange), formed in 1964, is a pioneer in water, wastewater treatment & environment solutions and caters to various industries, institutions, homes & communities. • Headquartered in Mumbai, the company has 7 manufacturing and assembly facilities acr
Slide 4: Company Overview
Company Overview • Ion Exchange was originally formed as a subsidiary of Permutit, UK in 1964. It became a wholly owned FY24 CONSOLIDATED REVENUE BREAKUP* Indian company in 1985. The company is currently in its 60th Year of operations. • The company has expanded its footprints globally and possesses
Slide 5: Q2/H1-FY25 Financial Highlights
Q2/ H1-FY25 Financial Highlights Q2-FY25 Performance (Standalone) Q2-FY25 Performance (Consolidated) INR 5,889 Mn INR 670 Mn 11.38% INR 6,445 Mn INR 682 Mn 10.58% Operating Income Operating EBITDA Operating EBITDA Operating Income Operating EBITDA Operating EBITDA Margins Margins INR 507 Mn 8.61% IN
Slide 6: Q2/H1-FY25 Operational Highlights
Q2/ H1-FY25 Operational Highlights ENGINEERING • Improvement in the order flow during the quarter. • The domestic enquiry bank remains robust, and we are hopeful that finalizations of some large value opportunities in next few months. • Increase in turnover largely due to improved execution of some
Slide 7: Financial Overview
FINANCIAL OVERVIEW,
Slide 8: Quarterly Standalone Financial Performance
Quarterly Standalone Financial Performance INCOME STATEMENT (INR MN) Q2-FY25 Q2-FY24 Y-o-Y Q1-FY25 Q-o-Q Operating Income 5,889 4,839 21.7% 5,161 14.1% Expenses 5,219 4,253 22.7% 4,554 14.6% Operating EBITDA 670 586 14.3% 607 10.4% Operating EBITDA Margins (%) 11.38% 12.11% (73) Bps 11.76% (38) Bps
Slide 9: Quarterly Standalone Segmental Breakup
Quarterly Standalone Segmental Breakup ENGINEERING (INR MN) CHEMICALS (INR MN) CONSUMER PRODUCTS (INR MN) R 3,692 1,670 1,428 691 2,982 E 576 V E N U E Q2-FY24 Q2-FY25 Q2-FY24 Q2-FY25 Q2-FY24 Q2-FY25 232 484 Q2-FY24 Q2-FY25 208 391 E B (5) I T Q2-FY24 Q2-FY25 Q2-FY24 Q2-FY25 (35) 8
Slide 10: Half Yearly Standalone Financial Performance
Half Yearly Standalone Financial Performance INCOME STATEMENT (INR MN) H1-FY25 H1-FY24 Y-o-Y Operating Income 11,050 9,330 18.4% Expenses 9,774 8,225 18.8% Operating EBITDA 1,276 1,105 15.5% Operating EBITDA Margins (%) 11.55% 11.84% (29) Bps Depreciation 191 154 24.0% Finance Cost 38 39 (2.6)% Othe
Slide 11: Half Yearly Standalone Segmental Breakup
Half Yearly Standalone Segmental Breakup ENGINEERING (INR MN) CHEMICALS (INR MN) CONSUMER PRODUCTS (INR MN) R 1,351 6,836 1,179 E 2,795 3,239 5,646 V E N U E H1-FY24 H1-FY25 H1-FY24 H1-FY25 H1-FY24 H1-FY25 456 402 914 H1-FY24 H1-FY25 740 E B I (20) T H1-FY24 H1-FY25 H1-FY24 H1-FY25 (70) 10
Slide 12: Quarterly Consolidated Financial Performance
Quarterly Consolidated Financial Performance INCOME STATEMENT (INR MN) Q2-FY25 Q2-FY24 Y-o-Y Q1-FY25 Q-o-Q Operating Income 6,445 5,330 20.9% 5,676 13.5% Expenses 5,763 4,726 21.9% 5,035 14.5% Operating EBITDA 682 604 12.9% 641 6.4% Operating EBITDA Margins (%) 10.58% 11.33% (75 ) Bps 11.29% (71 ) B
Slide 13: Quarterly Consolidated Segmental Breakup
Quarterly Consolidated Segmental Breakup ENGINEERING (INR MN) CHEMICALS (INR MN) CONSUMER PRODUCTS (INR MN) R 3,949 1,968 691 3,139 1,762 E 576 V E N U E Q2-FY24 Q2-FY25 Q2-FY24 Q2-FY25 Q1-FY24 Q2-FY25 235 522 Q2-FY24 Q2-FY25 194 423 E (3) B I T Q2-FY24 Q2-FY25 Q2-FY24 Q2-FY25 (35) 12
Slide 14: Half Yearly Consolidated Financial Performance
Half Yearly Consolidated Financial Performance INCOME STATEMENT (INR MN) H1-FY25 H1-FY24 Y-o-Y Operating Income 12,120 10,122 19.7% Expenses 10,794 9,030 19.5% Operating EBITDA 1,326 1,092 21.4% Operating EBITDA Margins (%) 10.94% 10.79% 15 Bps Depreciation 213 164 29.9% Finance Cost 66 56 17.9% Oth
Slide 15: Half Yearly Consolidated Segmental Breakup
Half Yearly Consolidated Segmental Breakup ENGINEERING (INR MN) CHEMICALS (INR MN) CONSUMER PRODUCTS (INR MN) R 7,184 1,351 3,962 1,179 E 6,010 3,222 V E N U E H1-FY24 H1-FY25 H1-FY24 H1-FY25 H1-FY24 H1-FY25 423 343 1,020 H1-FY24 H1-FY25 789 E B (17) I T H1-FY24 H1-FY25 H1-FY24 H1-FY25 (69) 14
Slide 16: Historical Financial Overview
HISTORICAL FINANCIAL OVERVIEW
Slide 17: Historical Standalone Financial Performance
Historical Standalone Financial Performance INCOME STATEMENT (INR MN) FY21 FY22 FY23 FY24 H1-FY25 Operating Income 14,018 15,094 18,923 21,800 11,050 Expenses 12,067 13,123 16,544 19,129 9,774 Operating EBITDA 1,951 1,971 2,379 2,671 1,276 Operating EBITDA Margins (%) 13.92% 13.06% 12.57% 12.25% 11.
Slide 18: Historical Standalone Balance Sheet
Historical Standalone Balance Sheet PARTICULARS (INR MN) FY23 FY24 H1-FY25 PARTICULARS (INR MN) FY23 FY24 H1-FY25 EQUITIES & LIABILITIES ASSETS Equity Non-Current Assets (A) Property, Plant and Equipment 1,680 2,149 2,175 (A) Equity Share Capital 147 147 147 (B) Capital Work-in-progress 420 607 1,33
Slide 19: Historical Consolidated Financial Performance
Historical Consolidated Financial Performance INCOME STATEMENT (INR MN) FY21 FY22 FY23 FY24 H1-FY25 Operating Income 14,495 15,769 19,896 23,479 12,120 Expenses 12,472 13,637 17,346 20,759 10,794 Operating EBITDA 2,023 2,132 2,550 2,720 1,326 Operating EBITDA Margins (%) 13.96% 13.52% 12.82% 11.58%
Slide 20: Historical Consolidated Balance Sheet
Historical Consolidated Balance Sheet PARTICULARS (INR MN) FY23 FY24 H1-FY25 PARTICULARS (INR MN) FY23 FY24 H1-FY25 EQUITIES & LIABILITIES ASSETS Equity Non-Current Assets (A) Equity Share Capital 142 142 142 (A) Property, Plant and Equipment 1,707 3,018 3,062 (B) Other Equity 8,193 10,037 10,818 (B
Slide 21: Consolidated Financial Performance
Consolidated Financial Performance REVENUES (INR MN) OPERATING EBITDA (INR MN) PAT (INR MN) 23,479 2,720 2,550 19,896 2,132 1,950 1,954 2,023 1,617 14,495 15,769 1,433 12,120 1,326 13.96% 13.52% 10.25% 954 12.82% 11.58% 10.94% 9.89% 9.80% 8.32% 7.87% FY21 FY22 FY23 FY24 H1-FY25 FY21 FY22 FY23 FY24 H
Slide 22: Market Data (Bloomberg – ION IN, Reuters – IONX.BO)
Market Data (Bloomberg – ION IN, Reuters – IONX.BO) 1 YEAR SHARE PRICE MOVEMENT (UP TO 30th September 2024) 40% 30% 20% 10% 0% -10% -20% -30% Oct-23 Nov-23 Dec-23 Jan-24 Feb-24 Mar-24 Apr-24 May-24 Jun-24 Jul-24 Aug-24 Sep-24 Ion Exchange Sensex PRICE DATA (As on 30th September 2024) SHAREHOLDING PA
Slide 23: Disclaimer
Disclaimer Ion Exchange (India) Limited No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Such information and opinions are in all e
Slide 24: Thank You
THANK YOU
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