- Q1 FY25 revenue was Rs. 7,439 million, up 13% year-over-year
- EBITDA was Rs. 1,275 million with 17% margins
- Domestic and international businesses grew at healthy double digits
- Highest ever quarterly domestic revenues achieved
- Focus on expanding into non-auto, tech-agnostic and xEV segments
- Setting up special process facility for aerospace to enable higher value-added business
- Signed MoU to acquire 55 acres for future greenfield expansion
- Investing in automation for Swedish operations to improve profitability
- Strong growth in 2-wheeler segment driven by rural economy
- SUVs performing well in passenger vehicle segment
- Some softness seen in European passenger vehicles
- Slowdown in EV adoption rates in Western markets
- Targeting 20% overall revenue growth for FY25
- Expecting 30-35% growth in aerospace revenues
- Non-auto, tech-agnostic and xEV segments projected to grow 40-50% CAGR
- Commissioning new 4,000-ton press to expand product portfolio
- Exploring opportunities in chassis and suspension aluminum components
- Rs. 4,500 million CAPEX planned for FY25, mostly brownfield expansions
- Working towards 20% EBITDA margin target in medium term
- Swedish subsidiary margins expected to reach 11-12% by FY26
- Aluminum forging business margins improving but still below targets
- Some delays in aerospace orders from a key customer
- Logistics issues leading to higher international freight costs
- Potential slowdown in international business in second half of FY25
- Strong order book of Rs. 16.9 billion provides revenue visibility
- Growing opportunities in EV exports as OEMs face cost pressures
- Increasing content per vehicle in premium motorcycles
- New business wins in Swedish subsidiary to improve profitability
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