My understanding after attending the Q4/FY23 con call
What looks Good –
• Growth to continue in high 2-digit percentages globally with healthy margins
• A lot of untapped potential in the markets across the globe
• Promoters are confident and transparent about the company’s way going forward
• Capex plans are small but capex is not essential to cater to the 30 odd% growth
• Focused approach and high-caliber management
• Significant loss reduction in the European market in this FY and profitable by the next FY
• Order inflow/Enquires remain very strong
What doesn’t look as Good?
• Q1/FY24 might be 8-10% lower than Q4/FY23 due to ERP
• No huge growth seen in railways
• Order execution remains a challenge and is a work in progress currently but I expect it to be in
the right shape soon.
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