In Q4 call, Rev Guidance of 18-23% excluding the rev from smart meters. with 1% improvement in the margins.
Smart meters: Management confirmed that from 4M smart meters capacity they can generate 1000 Cr revenue at 100% capacity, ASP of SM is 2400-2700/-
They are planning to sell SM to AMISP who won tender from DISCOM’s & they have AMISP license too, so in future they may participate directly in the tenders.
Margins in SM segment could be ~15%, this can push over all margins upward.
Trails are underway and they are just waiting for orders from the AMISP’s to start commercial production in July, Revenue depends on the order quantum.
EV charger:
In 14 tests chargers are failed 1 test, which is communication related as per the Indian standards. Now Technology supplier making is incorporating the changes in the chargers to clear that test. There could be some delay in launching the chargers due to this issue.
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