- Consolidated revenue for Q1 FY25 was INR 392 crores, down 5% year-over-year
- EBITDA margin was 23.5%
- PAT margin improved to 18.7% from 17.6% in Q1 FY24
- Gear division accounted for 85% of revenue, MHE division 15%
- Gear division revenue was INR 334 crores, down 7% YoY
- MHE division revenue was INR 58 crores, up 9% YoY
- Focus on increasing exports, targeting 50% of revenues from overseas by FY30
- Pursuing opportunities in marine sector, high-speed gears, and with OEMs
- Shifting MHE division focus to product supply and aftermarket services
- Overseas revenue grew 18% YoY, now 34% of total revenue
- Strong traction seen in Middle East, USA, Nordic and European countries
- Positive momentum expected post-elections in India
- Cement, steel showing good traction; power sector expected to pick up in Q3/Q4
- Slowdown in order inflows during Indian elections, expected to improve
- INR 200-250 crore capex planned for FY25, completing 3-year INR 300 crore cycle
- Expanding capabilities in high-speed gears and marine sector
- Benefiting from “China plus one” trend in Europe
- Exploring opportunities in Russia due to sanctions on European suppliers
- Total order book of INR 947 crores as of June 30, 2024
- Maintaining 15% revenue growth guidance for FY25
- Expecting strong order inflows from Q3 onwards
- Focus on increasing exports and penetrating new markets
- Shift in MHE division strategy showing positive results
- Confident of maintaining margins while pursuing growth
- Exploring new sectors like marine, high-speed gears for future growth
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