North America while specific customer names cannot be disclosed due to confidentiality, the company currently serves three customers in the North American railroad industry. Confident of substantial market size of the North American railroad industry and anticipates substantial increase in supplies to this industry, foreseeing a reasonable ramp-up starting from Q4 onwards. The focus is on further penetration into the North American railroad market, Fy 25, contribution 8% of revenue.
Annual saving of 11cr/yr by using hybrid power
Domestic market – Didn’t do very well in the domestic market mainly due to the end users liquidating inventories. But things should be better from the next financial year onwards.
On cycle peak – for past couple of months is the excess inventories which
were there which is being liquidated so, the volumes are lower. So, once this is sortedout should start seeing some moderate growth.
Defence Orders – the first trial tracks have been approved, waiting for tenders next fy. As of now don’t see any big visibility in the Defense sector.
Future growth – there will be a degrowth of about 15% compared to last year so that should be the top-line and from the current year’s number at least 10% better next year. Present capacity utilisation 44-46%. >50% next FY.
Caution – “The world is going through turmoil so there will be some kind of pause happening not only in our industry, but across all industry sectors” Chetan Tamboli, Chairman and MD.
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