Yes it means capex is done to the tune of Elecon release of POs. Incoming is always based on either the vendors timeline to deliver, or deliver schedule given by the business (Elecon). They may have given a schedule basis how they wish to utilise/account for. They may also be waiting on some front end developments.
Yes, there was some confusion on the definition. Although, I don’t think this was intentional. For EBIDTA.
I have a hunch that, come year end, Elecon may deliver higher than expectations. I feel they are waiting on order releases.
Even If management delivery meets annual guidance, it’ll be a great year. Anything more will be spectacular.
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