Q3FY24
- EV : 2.4L units (1.8L units in q2)
- 2W volume: 5.5mn units
- Selected as a supplier for a full headlamp for a european car company.
- Has received the purchase order for the same
- Design (in house at Pune design office) & devt. going on
- No capex needed for now
- Intend to export from q4fy25 onwards[1]
- Financials
- Sales: 483cr [+10.3% yoy]
- EBIDTA: 64cr [13.5%]
- PAT: 40.3cr [+25%]
- Capex=20cr (9m total 71cr.)
- New orders: 51% are LED’s[2]
- Work with 35 odd 2W EV players across the range. Biggest are like [[Ola]], [[TVS]], Simple Energy, Ultraviolet, Okinawa
- Wallet Share:
- wallet share on the – for the last financial year FY '22-'23. So for – like I’ll start with TVS for headlamp, we are having 68% for taillamp is 86%, 85%, RVM 62%. And DRL, we are 100% and lamp is almost 100%, 95%.
- For Yamaha, headlamp is 83%, taillamp is 63%, winker is 10% and RVM is 82%. Position lamp, we are 50%.
- For Suzuki headlamp is 71%, taillamp is also 71% and winker is 4%; RVM 100%. Reflector is 100% and is also 100%. For headlamp is 40%, taillamp is 76% and winker is 85%, RVM is 100%. For position lamp and reflecter it is 100%. These are for FY 2022-'23.
[Discl: invested]
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