Vishnu prakash R Punglia LTD(VPRPL)-“Steering India’s Water Management Future”

Attended Q2FY25 Concall:

Some key points:

• Trade receivables will take about 3-4 quarters to come down. Due to which debt levels have went up.
• Debt is still in comfortable position. More debt might be taken until the payments are cleared from government.
• Revenue Growth Guidance of 10-15% on conservative basis.
• Lots of questions on PAT growth but due to increased debt, it might be restricted.
• All orders are from Government entities, no orders from private companies.
• This year due to center and state election, payments are delayed.
• No QIP plans at the moment.
• No affect to them due to Raw material price changes.