Company is getting significant orders.
Order Book at end of FY24 – 1866.2 Million
Q1 Topline – 453.8 (Up 181% YoY)
Order Book at end of Q1 – 2286.0 (released to exchange on 23/8/24)
Order received from L&T – 1040 Million (released to exchange on 6/9/24 and to be executed in 12 months)
Total Order Book – 3326 Million. Total order addition in 6 months of this year is 193 Cr. and that’s more than what the company started the year with.
Diary segment order book has become insignificant (0.5%) and it’s almost a pure play on defence & ship building
Company also made a significant announcement regarding new product tie ups
and one announcement regarding approval. Did this approval play a role for getting the L&T order ??
Overall, given the high probability of good nos. continuing for the year (inline with Q1) we need to think of the forward PE. It didn’t release Q1 nos.
Disc: Have added in PF post Q1 result PR.
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