Muscat Thread Mills SAOG (MTMI) Earnings Call Transcript & Summary

Good morning, ladies and gentlemen. We are here from Muscat Thread Mills SAOG to answer any questions any interested stakeholders will have on our published results for the half year ended 30 June 2025. The results are available on stock exchange under our company name. We will not be making any formal presentation. After reading any financials, if you have any questions on the numbers, we are here to answer your questions. On my right, Mr. Mithilesh Kumar Singh, he's CEO of the company. I'm Manish Rachh, CFO of the company. [Operator Instructions]

Good morning, friends. I thought of just apprising the audience who we are and what we do and what we have done in the recent past. So just to apprise you, we are a sewing thread and embroidery thread manufacturer. We are part of a supply chain of majority of the global apparel brands. Our facility is in Muscat. We have offices -- licensed offices in India, Pakistan, Jordan. And we have a network of distributors and agents across 20 countries. Currently, we are supplying to more than 18 countries, 18, 20 countries in the world. If you see our performance, we have grown around 14% over last year on our top line, and we recorded similar numbers on our bottom line also. Realizations remain similar and because we have been able to maintain the price points with our customers in spite of all the challenges, what we have. On the forecast side, yes, as part of the supply chain of all the apparel brands, the tariff is a major concern for everyone in the business. And so do we. We are on the same boat. We are just expecting things to settle down by the end of this month. And -- but yes, we have all the right measures in place to safeguard the interest of our investors. And considering that, we have started hedging our business a couple of years back. And we are focusing more on the domestic tailoring business, which is available across GCC. So focus was on Oman. Oman now, we have a leadership position on the customized tailoring. Now we are focusing on UAE and other -- all neighboring countries in GCC. So we strongly believe that this is going to have a significant impact on our business in positive terms, going forward, maybe 2 years, 3 years down the line. So maybe 5 years down the line, export, direct export to the industrial customers and those vulnerabilities will not affect the industry and MTM, as such, what concerns we have today. Thank you.

[ Still ] [indiscernible] I mean, we will be available till 12 noon Oman time. So in case you have any questions on the numbers, kindly let us know. We are available here up to 12 noon. Thank you. Good morning, ladies and gentlemen. We are available here till 12 noon in case you have any questions on published results of up to 30 June 2025. We are not making any formal presentation because the numbers are already available and there's nothing additional to disclose. CEO has already given some brief about the operations of the company. Other than that, we do not have any other presentation or numbers, which are already available in the public domain. Do let us know if you have any questions on the published results. We are available till 12 noon. Thank you. Good morning, ladies and gentlemen. We are here for another 15 minutes in case you still have any question on any numbers for Muscat Thread Mills for the published results to 30 June 2025. [ You may kindly raise the ] questions, and we are here to answer your questions. The session will end at 12 noon. Thank you very much. Good afternoon, ladies and gentlemen. We will end the session for now. Thank you very much for your presence.

Thank you.