Highlights of Q2 FY 24
Management is confident of revenue guidance given earlier of 2000 cr
Margins have been north of 24 % in latest Quarter and with cautiously optimistic view it looks like margins may sustain or improve based on product mix going forward as well
MHE had a 50 cr new order and we may see some more orders going forward .( my reading )
Exports segment is a WIP and should yield result in due course.
Cash on hand and may explore opportuniry at opportunite time to invest / diversify / expand capacity.
Current capacity 73 % gear division and scope of going upto 85-90 % + outsourcing possible
Steel / cement / power / sugar * sectors expected to contribute positively to the order inflow.
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