Concall Highlights H2 FY2024:
- Investors rightly challenged/accused management about fiasco of result to exchanges and re submitting them. Company gives their explanation. I hope management take it seriously and never do any such things in future.
- Order book executable by H1 FY2025 is 75 cr.
- Growth of less then 30% by sep 2024. After that sept to March 2025 growth of 50%.
- Can maintain similar EBIDTA Margins.
- Direct production vs service contracts is 35% and 65%. By March 2025 it will move to 45%.
- PAT Margin can be 30%.
- Bench expansion: June/ July recruitment to meet demand in august/September. Looking at strategic partnerships.
- In organic growth: Working with advisors, close to potential partnership.
- Government support: 30% minimum incentive based on expenditure, max of 300 million INR. Looking for partnership to materialize on that. Clarity is required from government to understand incentives. Mostly fresh contracts will fall in it.
- One client have stress and agreed to instalments for 15cr. Temporary requirement due to market downside in North America. Steady state receivables will be 90 to 180 days.
- To maintain margin, going to global market. Netfix, Amazon cut cost to do that maintain high quality they have to come to India. US is 500 to 600 USD per day. India is 150 USD per day. There is opportunity.
- GST refund (5 cr.) has to come back is in other current access.
- Net working capital is 60 days including all.
Orderbook or media release:
Investor presentation: https://nsearchives.nseindia.com/corporate/BASILIC_08052024181821_Investor_presentation_.pdf
D: Invested.
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