Stockrabit · Analysts
Questions across 51 calls

Aditya Mongia

Kotak Securities

ABB India Limited

ABB India Limited CC-Mar25.pdf · 2025-05-12
Thank you everyone for the opportunity. I wanted to get a sense from you across your segments of the level of sophistication of the product as you suggested on the call. I wanted to understand, A) in which segments is it driving our margins up because on a relative basis we are fairly strong? And B) from here on, have you seen the customers, internationally, which all segments can incrementally benefit as the customers further moves in this direction?
Got that. Thank you so much for your response. That would be my only question.
ABB India Limited CC-Mar24.pdf · 2024-05-13
The first question was, first of all, special thanks to Jonas for his question, so picking up from there on energy efficiency. So, we've seen the benefits of energy efficiency coming in a meaningful manner from a bottom-line perspective in the motion segment. The parent has been talking about other areas where in let's say decarbonization linked kind of spending to reduce decarbonization is turning to yield business opportunities. It will be interesting to Mr. Sanjeev Arora's views on India in what shape an d form beyond energy efficiency is he seeing new business opportunities? In specific, are you talking about professional technology, something on the traction side also if you could kind of comment upon. That will be my first question.
Sir, my second question would be more on the margins. So, just to set some context for myself, you're now ahead of margins that the global parent is reporting. And just to set some other context, you have Rs. 1,000 crores of capital inside business and you are earning more than that as your EBIT. Now, we just wan ted to get a sense whether this is in any way a reflection of a receding competitive intensity in the sector or is the customer moving towards newer products? Just trying to get a sen se because our sense was Indian market was more competitive versus what the global parent sees for itself. And the quotient of, let's say, going for new product, new technology is also more European than Indian as a concept. So, just trying to get a sense of whether we are seeing any changes on competition and acceptance of new products in India versus where the world is for ABB in specific? And that would be my last question.

Cummins India Limited

Analysts/Institutional Investor Meet/Con. Call Updates Cummins India Limited has informed the Exchange about Transcript · 2025-02-07
The question that I had was more on the Mexican -- or let's say, the interplay over here on tariffs as you are suggesting. Just wanted to kind of get a sense that basis our capabilities, can we replace some of the nodes that Mexico is giving to the US in power gen? Just some more color on what could be the business prospects from a tariff increase that happens in case of Mexico? That will be the question here.
Just a follow-up, ma'am, not a separate question, but is this -- are the nodes that we are making a direct overlap? Or do we have to make separate nodes by itself to kind of replace Mexico if the opportunity comes?
Cummins India Limited CC-Dec24.pdf · 2025-02-07
The question that I had was more on the Mexican -- or let's say, the interplay over here on tariffs as you are suggesting. Just wanted to kind of get a sense that basis our capabilities, can we replace some of the nodes that Mexico is giving to the US in power gen? Just some more color on what could be the business prospects from a tariff increase that happens in case of Mexico? That will be the question here.
Just a follow-up, ma'am, not a separate question, but is this -- are the nodes that we are making a direct overlap? Or do we have to make separate nodes by itself to kind of replace Mexico if the opportunity comes?
Analysts/Institutional Investor Meet/Con. Call Updates Cummins India Limited has informed the Exchange about Transcript · 2024-08-07
Ashwath, the first question is a little bit more broad -based. Having you been there with the company for the last five years, wanted to check with you as like five years back, what were the key areas of improvement or concern that you saw in Cummins, which have now kind of become better. And as you leave the company at this point of time, which are the key areas of improvement that you see your success taking up from here on?
From that 36,000 feet level more near term. I wanted to understand, Ashwath, I think someone also kind of pointed out that about 7 gigawatts of capacity were added by the Cummins. Now, this appears to be a fairly large number at a country level as compared to whatever capacity utilities would be adding at this point of time. And typically, the ratio of what the sector was adding from a power gen perspective to what the country was adding. From a utility perspective, it was more like 40 %-50% has become 80 %-90%. I wanted to check from you whether it's a sign of maybe power deficit demand, it's a sign of something else. I just wanted to get your sense that this is starting to become a very, very high base to kind of grow on from a volumes perspective. I under stand that emission can boost revenues for the company , but from a megawatt volume perspective, are we getting inside a kind of a high base at this point of time?
Cummins India Limited CC-Jun24.pdf · 2024-08-07
Ashwath, the first question is a little bit more broad -based. Having you been there with the company for the last five years, wanted to check with you as like five years back, what were the key areas of improvement or concern that you saw in Cummins, which have now kind of become better. And as you leave the company at this point of time, which are the key areas of improvement that you see your success taking up from here on?
From that 36,000 feet level more near term. I wanted to understand, Ashwath, I think someone also kind of pointed out that about 7 gigawatts of capacity were added by the Cummins. Now, this appears to be a fairly large number at a country level as compared to whatever capacity utilities would be adding at this point of time. And typically, the ratio of what the sector was adding from a power gen perspective to what the country was adding. From a utility perspective, it was more like 40 %-50% has become 80 %-90%. I wanted to check from you whether it's a sign of maybe power deficit demand, it's a sign of something else. I just wanted to get your sense that this is starting to become a very, very high base to kind of grow on from a volumes perspective. I under stand that emission can boost revenues for the company , but from a megawatt volume perspective, are we getting inside a kind of a high base at this point of time?
Analysts/Institutional Investor Meet/Con. Call Updates Cummins India Limited has informed the Exchange about Transcript · 2024-05-30
Congratulations on a very strong set of results even this time around. My first question was more on this 30% growth that you're talking about in Power Gen volumes. You also suggested that last 3 quarters have seen some amount of prebuying. Is it fair to assume that in the 30% number, there is some prebuying quotient as well? This is the full year number I am talking about. And then that starts becoming an impediment incrementally. If you could kind of quantify would be useful.
And then just to clarify. The growth this time is 30%, which is above normal, can the growth be kind of below average next year because of that, because a lot of products will be sold….
Cummins India Limited CC-Mar24.pdf · 2024-05-30
Congratulations on a very strong set of results even this time around. My first question was more on this 30% growth that you're talking about in Power Gen volumes. You also suggested that last 3 quarters have seen some amount of prebuying. Is it fair to assume that in the 30% number, there is some prebuying quotient as well? This is the full year number I am talking about. And then that starts becoming an impediment incrementally. If you could kind of quantify would be useful.
And then just to clarify. The growth this time is 30%, which is above normal, can the growth be kind of below average next year because of that, because a lot of products will be sold….

GMR AIRPORTS LIMITED

GMR AIRPORTS LIMITED CC-Dec24.pdf · 2025-01-29
The first question I had was I wanted to get a sense that, I think Mr. Babu talked about our residual value that’s inline with…
As a first question, I wanted to get a sense from Mr. GRK Babu. He was talking about a residual value of control period 3 that could be significant and influencing the control period aero yield. Could you give us a sense whether is it significant and some sense o f the quantum? Because this is already a period that has passed by.
GMR AIRPORTS LIMITED CC-Sep24.pdf · 2024-10-25
Good afternoon, everyone. Thank you for the opportunity and congratulations on a fairly healthy set of results. I had a few questions from my side. The first one being linked to the question just asked. This is related to when does the peaking out of standalone debt for GMR Airports happen? I understand that there'll be new business claims that come about and there'll also be refinancing of debt. In your assessment, how far away are we from coming to, let's say, a pe aking out of debt happening at the standalone level?
Thanks for the cover. The second question I had was more on the Supreme Court hearings that are happening as regards to TDSAT’s kind of supportive orders for the aero tariff of Delhi. I believe a hearing would have happened yesterday. A ) could you give us a sense of how this case is kind of proceeding? When do we expect a final judgment? And B) will the eventual tariff order that comes from AERA only happen and be dependent on the result of this kind of petition or both of these are fairly different events in themselves?
GMR AIRPORTS LIMITED CC-Mar24.pdf · 2024-05-31
I just want to check if I'm audible to all.
Congratulations on fairly decent results once again. The question that I had was more to start with on the debt of GAL at a stand -alone level, which has increased to INR49 billion by the end of the year. A) could you give us a sense of the average cost of debt post all the financing that has happened? and B) could you give us a sense of how this number is going to move up, down or flat over the next 3 to 4 years?

JSW Infrastructure Limited

JSW Infrastructure Limited CC-Dec24.pdf · 2025-01-28
Firstly, I wanted to get a sense that on a Y-o-Y basis, could you tell us the movement of some ease of expenses booked inside employee cost?
Sure. No. What I was just trying to get a sense of was on a Y-o-Y basis, how much would have been the savings at an EBITDA level because of lower ESOP costs and how much are the operational kind of element over here? So your EBITDA has grown from INR370 crores to INR440 crores Y-o-Y from the ports operation, so that's been a INR70 crore increase. I'm just trying to kind of decipher, of the INR70 crores, how much came in because of lower ESOP expenses Y-o-Y?
JSW Infrastructure Limited CC-Jun24.pdf · 2024-07-18
The first question I wanted to ask you was when I see the assets that are comparable Y-o-Y on an organic basis there appears to be declining volumes. Could you kind of give us a sense of how much was the impact because of the Dolvi stoppage this quarter? And if there was a same effect last year same quarter or any other quarter, if you could quantify that as well?
I just want to confirm just hopping on this question, what are the similar impact last quarter, is one of a shutdown or is it something unique to this quarter?

Carborundum Universal Limited

Carborundum Universal Limited CC-Sep24.pdf · 2024-11-04
My first question was more on the competitive angle perspective. I wanted to get a sense of across your segments, where is Chinese competition versus where it was pre -COVID. I understand that there was a period when you would have benefited. I'm just trying to get a sense of versus pre -COVID period, where is Chinese competition at this point of time across your segments?
Understood. The second question that I had was more on high -purity silicon carbide and applications on the semiconductor side. When you think through what you want to do in that segment, what are the ke y kind of imponderables? Is electric vehicles, the key application and and in that context the share of 800 -volt charging systems becoming more prominent in the single biggest driver. I just wanted to get a sense of how do you think through your relevance in that segment? What are the key demand drivers? And second part of the question was how would CUMI's product compared to that of competition? If you could comment on these two aspects here.

Container Corporation of India Limited

Container Corporation of India Limited CC-Sep24.pdf · 2024-10-30
I will go ahead with my questions. First is actually more of a clarification. This 40 crore provision that you have kind of reversed and that links to Whitefield, does it have any impact in the manner that your incremental land license fees will be calculated? Completely different and not to be linked up to future land license fee numbers?
Now if I then assume this to be a one-off, it seems that your margins are much lesser than 25% at an EBITDA level. I just wanted to understand when you kind of gave this guidance on the interview, was this including other income that you were saying 25% or if it was not, if it was an EBITDA margin level before other income, then how do you bridge the gap from here on? Because today the margins are more like 23ish or so, if I take away this benefit.

Adani Ports and Special Economic Zone Limited

Adani Ports and Special Economic Zone Limited CC-Sep24.pdf · 2024-10-29
The first question that I had was more on the logistics part, specifically varying logistics. I wanted to get a sense of across all MMLPs, where are we getting a lot more market share, leading market shares in this business? And what is driving that market share's kind of improvement? Is it pricing? Is it service levels? What is it?
So, the second question that I had was this observation that there is a line item in the cash flow statement talking about payment rates or observation of subsidi aries. And this is about 850 crores, this first half was I think 2004 number last year. Last year it was suggested this is more into acquisition of land parcels. I want to get a sense of if there are similar kind of sources this year, or where is the money being invested inside?

Thermax Limited

Thermax Limited CC-Jun24.pdf · 2024-08-02
I have one question and one clarification. The question links more to the one -offs that you're suggesting on the margin front, if I add up all, about INR 70 crores or so hit in the Industrial Infra segment. And that implies about a 5.5% margin in the first quarter versus the sub -5% for the full year last year. Should we be assuming no positive on of inside and that scenario, probably higher margins than 5.5% for the segment for the full year? And that's the question. The clarification I wante d was whether the large order booked in July was inside the 1Q ordering footprint or not.