My notes from concall ( havent noted writing what i remember )
The Revenue projection for 2024-2025 does not include Kavach (new orders) / Grenade & Fuse & truck conversion .
Grenade & fuze & truck conversion have a large market .
Fuze are in testing phase & after usage in real time big orders may start flowing ( 2025-2026)
Kavach billing also will happen next year for order that come this year.
Defence batteries have a good growth , industrial battery will maintain the run rate.
Overall exited for next year as the growth can come.in big way in 2025-2026 .
Disc -biased Invested since more than a year.
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