CFF has reported excellent H1 FY24 numbers with H1 PAT equal to FY23 full year PAT. H2 numbers should be much better given the high amount of orders they have won in last 2-3 months.
CFF is a solid defence story with great potential going forward. India is negotiating 3 new scorpene submarines with France for 30,000crs and insisting 60% indigenious content. CFF already has done ToTs for 3-4 technologies for the submarines and should get a decent chunk of 24,000crs pie in next 1-2 years.
Exciting times ahead!!!
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