H2 is better Vs H1 and this has been guided by the management in the concall.
Some concall notes i could jot down. At the end i know that H2 is better and that too Q4 has a lot of execution vs Q1 to Q3. As a long term investor the float of the stock will harm the stock price. But when earnings and execution comes it will all make sense. Personal thesis.
WPIL Q3FY24:
- All results are with discontinued operations.
- To see a good Q4. Previous year was a remarkable year. This type of growth will take more time to come.
- We see good growth in Product Segments
- Supply chain challenges are resolving.
- Funds are there for inorganic expansion. Both Domestically and Internationally.
- Proceeds were used to cover debt. Net Cash levels of 500Cr.
- We missed some dispatches with the italian entity due to Red sea. This will spill over to next Quarter.
- As the company grows Execution ramp up issues is natural but not significant.
- End user Industry – O&G, MC doing well. Irrigation is subdued. Internationally Aus and italy : O&G is doing well. SA is Mining market is significant.But O&G is on a buoyant phase.
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