Hi Shveta, good set of numbers. So, congratulations. Could you help us with?
Okay. Am I audible now?
Questions across 15 calls
Bhavin Vithlani
SBI Mutual Fund
Cummins India Limited
Hi Shveta, good set of numbers. So, congratulations. Could you help us with?
Okay. Am I audible now?
So, Ashwath, question is when we actually anecdotally see the construction equipment market, we see a significant increase in market share for the Chinese players. And we have a large market share in the construction equipment segments. So, if you could just give us an outlook on how are we seeing this market? Are we also able to maintain our share with supplies with these Chinese equipment suppliers?
And on the competitive landscape in this segment because Weichai has also set shop here and similarly on the powergen side if you could just talk about the competitive landscape, because certain other capital goods companies have been complaining about sudden surge in the Chinese imports and which is hurting them.
So, Ashwath, question is when we actually anecdotally see the construction equipment market, we see a significant increase in market share for the Chinese players. And we have a large market share in the construction equipment segments. So, if you could just give us an outlook on how are we seeing this market? Are we also able to maintain our share with supplies with these Chinese equipment suppliers?
And on the competitive landscape in this segment because Weichai has also set shop here and similarly on the powergen side if you could just talk about the competitive landscape, because certain other capital goods companies have been complaining about sudden surge in the Chinese imports and which is hurting them.
So actually the question is regarding the working resolutions on related parties. And wherein we observed a significant increase in purchases from CTIPL and Tata Cummins. And we do understand about the new regulations regarding the increase in the quantity. So could you help us break that increase into what is the volume assumption you would have present in? And what is the increase in the cost of the newer content that is required in that business?
Sorry to harp, because on CTIPL, from INR700 crores to a little over INR1,400 crores and with Tata Cummins from INR1,800 crores to about INR1,850 crores. So 100% increase, 50% increase. So the quantum was fairly significant...
Motherson Sumi Wiring India Limited
Pardon me if this question is answered. So 33% growth for the quarter looks strong but we see your gross profit growth, which is revenues minus the raw material growth was about 15%. It will be helpful if you can break the revenue growth in terms of volume growth and the content growth and so we understand that the pass -through impact of the commodities, which you have outlined, that can be ironed out?
Fair enough. So while you I mean, correct me if I'm wrong, you answered that about 25 - odd percent of the bill of material is copper and how if you could also help us what will be contribution from aluminum and the PVC. These are the major commodities wher e the prices are moving and a lot volatile and that eventually is a pass -through for you to the customers?
Supreme Industries Limited
Good evening and congratulations for a good set of numbers. Sir, question is on like you've added 5 manufacturing facilities over the last 12 months. So you added 5 manufacturing plants over the last 1 year. Could you talk about the -- how closer you've got in terms of customers and the lead distance reduction that you've been able to get because of these new plants? And is there a numerical number in terms of savings that on the logistics cost that you've been able to get because of the new manufacturing facilities you may have to move closer to the customer?
So is there a savings that numbers in terms of percentage that you've been able to get by moving closer to the customer, 1% or 2% saving that you've been able to get savings from the logistics?
Thermax Limited
Heartening to see the margin performance of the Industrial Infra piece, my compliments. So I have two questions while you have asked one. If you -- first is if you could talk in brief about the four sub-segment of the Industrial Products piece in terms of outlook, how do you see them moving forward? That's question one. Second is actually a follow -up of what you just mentioned to the previous participant. Could you call out the underlying EBITDA margins in the Chemicals and what was the one-off because you mentioned significant increase in depreciation as one of the reasons? These are my two questions.
Sorry, if you could speak a little louder? Not very audible.
ABB India Limited
My question is on the process automation segment. Could you talk about the outlook on this segment on a one, two, three-year basis? While you did mention about muted outlook in cement and steel, but specifically the pipeline that you are seeing in the oil and gas petrochemical space. That's one. The second is what role can ABB India incrementally play on the exports or the global side, especially the process automation segment?
Carborundum Universal Limited
Yes. Could you just help us with the ceramics breakup between refractories, the one which are supplying to SOFC and the growth that we have seen in the first half how the mix has changed, which is you're highlighting some mix change has led to margin upside? That's my first question.
Sure. Just a follow-up on the ceramics, globally when we look through the commentary of the larger grid equipment manufacturers like Siemens, ABB and Hitachi, they are delivering 20 - plus percent growth in an industry which is used to 2% regularly. And CUMI, I understand, has a significant market position in the Ceramics for the switchgear application. Could you just help us understand the kind of growth.
Congratulations for a good set of numbers. Sir, actually, first is some data -related questions. I missed the numbers of AWUKO and RHODIUS. If you could just help me wi th full year revenues, EBITDA and PAT for RHODIUS? That will be helpful. And the guidance that you gave of incremental EUR8 million, EUR9 million, I just got a little confused. Can you help me again on the guidance front?
Sure. So in terms of guidance, what are we guiding individually on revenues and margins' front for AWUKO and RHODIUS in '25?
The question is on Ceramics, if you could dissect the segment between the three refractory segment, Wear Ceramic part and the Engineered part, and give us a growth of, what's the growth in the 2nd Quarter and the first. And you mentioned some destocking and changeover to a new model by the customer. So, how long is this period going to be? And how do you see the growth here because this is a segment where you have been guiding for a 25% growth so the slowdown to 4% seems a little too stark.
Just a follow up on this , because the earlier calls , the guidance was that we can see it’s not arithmetic, but geometric growth in the Ceramics largely driven by the new energy segment. So, would we see that after a couple of quarters where there is a changeover from a Model A to Model B, we would catch up and more than make up for the growth.
Havells India Limited
Congratulations for a great set of numbers. So, I have 3 questions. The first is with past interactions, we understand Havells is relatively under-indexed in the B2B channel and as what you had alluded in the past calls. Could you qualitatively talk more about the efforts that you would have put to beef up our exposure in this channel because last 2 years, this channel has actually seen significant growth. That's one. Second is, in the past, you have spoken about disruptions in the end channel where GT (General Trade) Havells stronghold actually seeing a decline when we do our checks and modern trade, and e-com are growing exponentially. Could you talk about the growth that we would have seen in the alternative channels like modern trade and e -com? And the connecting question here is because of the dominance of MT (Modern Trade), which are larger buyers, are we seeing a greater profit pool of the industry shifting to the modern trade versus the brands? Last question is we've kind of seen a lot of product introduction in the premium segment in the air conditioning space like the heavy duty. And recently, you launched something which is embedded with lights. Could you qualitatively talk about how the shar e of these premium products have increased? And how do you see the market acceptance of these recent launches? These are my questions.
Could you qualitatively talk about the acceptance of the recent launches?
Good morning, gentlemen. See, the first question is a continuation to what the previous participant was asking. So on a 6% revenue growth, we have seen 22% growth in the employee cost in this quarter. So if you could just help us understand your thought process? How much of this is new addition and the kind of growth that you're anticipating? And how much of this was repricing because COVID had actually suppressed some of this and you're bringing it up to speed on the market levels?
Sure. The second question is, you highlighted capacity constraints in cables, whi ch is 40% of the cables and wires. Are there capacity constraints also in the switchgear portfolio because there also, given the way we are seeing real estate launches and the growth by real estate players, a 9% growth seems subpar to us. So if you could just help us understand a bit more on the switchgear piece? Is there capacity constraint? Are there competitive dynamics, which has resulted in loss in share? It will be helpful to understand...
Voltas Limited
So, this question is on the total provisions on these projects done because when I am looking at the cash flow statement for six months it is about 180 crores and whole of last year, that number was about 360 crores. So, want to understand how much of this is the total provisions pertaining to the projects business? And what percentage of this would you believe can get reversed as these are provisions for delayed payment?
No, no, no, the provisions for doubtful debt were 360 crores last year, whole of last year, and for the six months in your cash flow statement, that number is 179 crores.