Concall Summary: (both Nov and Feb)
- B2B segment slows down due to a transition phase
- still a strong order book on hand
- B2C business showed more than 20% YoY growth in Q2, with margins on track
- Launched new products such as OptiPrime and OptiPrime Hybrid range of gensets
- Focus on margin enhancement through high horsepower segment, service and aftermarket business, and international markets
- Strong order book and readiness for CPCB IV+ norms in the second half
- White labeling not preferred option for exports
- Strong demand from OEMs in the industrial segment
- Strong demand from infrastructure and data center sectors in Power Gen segment
- CAPEX focused on technology and engineering for emission norm changes and new product launches
- Q3 FY24 saw highest ever sales with a 14% year-on-year increase in gross revenue.
- Growth in net sales, EBITDA, and net profit on both quarterly and year-to-date basis. * Expansion in the Middle East market with the appointment of a GOEM called My Span.
- Notable achievements include winning a large NPCIL order for gensets and acquiring Wildcat Power Gen in the US.
- Industrial segment saw strong demand from construction and railway sectors.
- Strong growth and margin improvement in Water Management Solutions business, focusing on domestic and agri pumps.
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