I attended their Q2 concall and am sharing my notes below.
FY23Q2
- 19’000 kl JNPT expansion: Should be commercialized by March 2023. Building 19 tanks and all have already been contracted. This expansion is custom made for customers with potential revenue of 15-18 cr. and 70-75% EBITDA margins. This is higher realization vs existing capacity
- Advanced talks with customers for LPG storage containers (80’000 – 1 lakh kl capacity; full capacity will be built in 2 years), will have plans ready by Jan 2023.
- LPG throughput at other ports is 8-9x/month translating into 96-108 times static capacity.
- All evacuation mechanisms exist at JNPT (road, railway, pipeline). The evacuation mechanism used by Ganesh will depend on what customers want
- In chemicals division, net capital employed is negative because of depreciated assets and loss tax assets
Disclosure: Not invested (no transactions in last-30 days)
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