Rishi Sanghvi Interview with NDTV Profit
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EPC to contribute 250-300 cr Revenue. Margins of 30%. During the call yesterday Sham Kajale mentioned margins of 23% stating that they are getting premium margins because they were first movers in Wind EPC. Management expects margins to contract over the long term.
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2 GW order backlog. Management indicating FY 25 Rev to be in the range of 850 cr+ current order book is 426 cr as on April 14th, 2024. A split between the Rental and EPC business would be helpful but management not sharing this info at the moment.
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250-300 cr CAPEX may be revised upwards depending on demand.
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Management commission one time due to exceptional performance in FY 24. FY 25 commission will depend on performance in FY 25. My view expect another commission in FY 25 but it’s a non issue looking at the larger picture.
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