What is factoring in PGEL currently?
- Management informed about short-term risks on some outsourcing capacity going to be inhouse (brands setting up capacities) and capacity additions from competitors as well. This could be the reason for not finalizing the guidance as well (conservative)
- TV business is going to dilute the existing margins slightly few bps.
- Price drop in products by 10-12% to be factored in the top line numbers.
Near term Opputunities:
- Hardware PLI application is in progress, once its approved they will add capacities to manufacture laptops, servers, desktops etc. These new products will boost numbers going forward.
- Incremental business from RAC business
- Window AC plant commissioning in this quarter.
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