Jash Engi. Q3 FY23 Result Update:
- The Company has an order book of INR720cr as of 3QFY23, which is executable over the next 4-6 quarters. Order pipeline is also strong and ~INR33cr deals are already negotiated till Jan-2023 while another ~INR26cr deals are under negotiation.
- Projecting to have 430 cr revenue in FY23. 9M revenue is 230. Seems a little difficult. Q4 is a very strong quarter though.
- Want to reach revenue target of INR 750 cr by FY27. Increase PAT margins to 13-14% from 8%.
- RM prices volatility is very high. Due to which margins are highly affected.
- Jash plans to invest INR20-25cr over FY23/24 for 2 expansions – new SS fabricated facility at unit 2, Indore by Jun-2023 and new facility for process equipment at Shivpad, Chennai by Jan-2024. Jash may also invest INR20cr in new facility for gates and screens at Houston, USA by Mar-2025. Jash makes consistent operating cash flows to fund capex and dividend payout.
Jash Order Book Update: Provides an increasing except Feb month where they lost a 32 crore order.
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