Q3FY24 Concall Notes :
Just beginning of the massive growth journey.
In India total current capacity : 45GW and plan is to add another 100GW over the next decade.
Current orderbook 2600MW.
About 350MW is for 2MW and rest is for 3.3MW.
Will be net debt free by H1 next year.
Interest bearing debt is 450-500cr.
Interest cost will be 30-35cr from Q4 excluding one off charges.
Even these 30crs will become zero in 3 quarters.
Signed agreement for 4MW wind turbines in India, will be commercially available in 2-3 years.
Company is gearing up for 1000MW annual execution.
Numbers will be significantly larger in FY25 and FY26 than the guidance.
Capacity is 2.5GW no need to expand unless we get closer to that number.
Focus is on profitability, historically have been 14-15% EBIT business barring FY17-23 and aiming to get there from FY25.
Expecting to get approval from NCLT in next 2-3 quarters for IWEL merger.
Please ignore any typos and points which I might have missed. Thanks.
Disclosure : Invested
Subscribe To Our Free Newsletter |