BEW Engineering Limited — PPTs, 18-11-2024: Investor Presentation

**Financial Highlights:** Revenue from operations for H1 FY25 was ₹51.10 crore, reflecting a 22.06% decline from ₹65.56 crore in H1 FY24, primarily due to delivery delays from extreme rainfall in key chemical regions. However, EBITDA increased by 29% YoY to ₹10.60 crore, driven by improved raw material procurement. PAT also rose significantly, reaching ₹6.02 crore, up 44.23% compared to the previous year. For FY24, overall income from operations grew 14.35% YoY to ₹120.76 crore, with EBITDA jumping 64.56% to ₹23.91 crore.

**Strategic Initiatives and Growth Drivers:** BEW Engineering continues to focus on expanding its product portfolio and markets, recently entering Thailand, Indonesia, the USA, and Italy. The company emphasizes higher-margin innovative equipment and a shift to cash-based procurement for raw materials, contributing to margin improvements.

**Business Developments:** The company has successfully managed to secure significant approvals from major industry clientele, including SABIC and AJINOMOTO, reflecting its expanding market recognition. A robust order book of ₹90 crore as of September 30, 2024, positions BEW favorably for future growth.

**Market Position and Competitive Advantage:** With a strong brand and a diverse product lineup, the company holds approximately 40% market share in India's dryer market and aims to leverage this while enhancing operational efficiency.

**Investor Implications:** The positive outlook for BEW Engineering, supported by strategic market expansions and improving margins, presents opportunities for growth despite current revenue fluctuations. The company’s dedication to innovation and quality reinforces its competitive edge in the evolving market landscape.