26 July 2024
Trl Krosaki's FY23 results have been nothing short of impressive, propelled by two key factors: improved realizations and increased volumes of their core product lines. Notably, their operating margins, as measured by EBITDA, witnessed a significant ascent, soaring from 9.5% in FY22 to an impressive 11.7% in FY23. This remarkable upswing underscores the company's adeptness in cost management and operational efficiency.
Looking ahead, Trl Krosaki's outlook for its refractory business in India appears exceedingly promising, thanks to the robust demand within the steel industry. The company is well-positioned to harness this growth potential, bolstered by the backing of Tata's legacy as an old promoter. Tata's enduring reputation for excellence, combined with Trl Krosaki's superior management and technological prowess, bodes exceptionally well for the company's future prospects.
It's noteworthy that in 2011, Tata strategically sold a 51% stake to Krosaki Harima Corporation of Japan, leading to the renaming of the refractory company as TRL-Krosaki Refractories Limited. This move has not only fostered global collaboration but has also positioned Trl Krosaki as a prominent player in the international refractory market. This rich history and international integration further solidify Trl Krosaki's standing as a dynamic and forward-thinking industry leader poised for continued success.
