As per announcement, capacity for FY 26 would be 2500 machines, depending on whether the same is increased by April 2025 as mentioned in the note. Even a 75-80% blended utilisation can result in more than 400 crores revenue. Of course it depends on how the capex proceeds.
Earlier, the management had told that they’d be doing this 500 machines capex in FY26 and the note came as a welcome surprise that it’ll be commissioned at start of FY26. In case it does and even at 21-22 lakhs realisations 400 Cr top line in FY26 doesn’t look a difficult task particularly with the kind of order book and order intake the company is having.
The Q2 results might give a fair idea as to how the current capex is holding since 2000 machines means that per month capacity should be close to 160 machines now. So perhaps this year it’ll be interesting to see whether we have a 400 machines sold quarter.
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