Investor Presentaiton
Management Commentary
"MMP Industries is pleased to announce its financial results and healthy performance for the quarter
ending June 2023. Despite facing a series of challenging market conditions, and 20% fall in aluminium
prices compared to Q1 FY 2023, the company has reported its highest ever quantum sales in its history.
EBITDA and PAT grew by 63% and 71% respectively due to volume growth in powders and conductors/
cables.
The overall performance was primarily driven by good growth in Aluminium Powder, mainly explosives
and AAC block applications. Conductors/ Cables also witnessed a sharp increase due to new projects
approved by the government and market opening up after almost three years. While the Foil division
faced certain headwinds due to an overall low demand and intense competition from China imports after
withdrawal of anti-dumping duties.
We remain optimistic about the future and are committed to driving sustainable growth."
© 2023 MMP Industries Limited, All Rights Reserved.
MMP
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