Q1 FY24 concall :.
Shouldn’t look at revenue for the Co, as it depends on raw material prices
Ebidta / ton is moving upwards with more share of assembled products
80% of 72000 ton capacity to be used up by FY26
Co. Doesn’t want to make full motor. But looking for opportunities in contract manufacturing
Current Co. Tonnage is 10k ton, q2 would be 11k and there onwards adding 500-600 ton for remaining 2 quarters
Export for renewable to start in q2.
Pitti casting merger to be completed by q1 next FY (fy 25)
Net debt is aroung 280cr, and Working capital is around 70 days
Opportunity for direct export to EU is opening up. Potential of 150-200 cr in next 2 yeras.
Disc : Invested
Not a comprehensive coverage of the concall. Please refer to concall record on company website
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