Stockrabit · Analysts
Questions across 154 calls

Mohit Kumar

ICICI Securities

Tata Power Company Limited

Tata Power Company Limited CC-Feb26.pdf · 2026-02-04
Good evening, sir and congratulations on the strong numbers in solar manufacturing and solar rooftop especially. My first question is on Mundra. Of course, you are trying to resolve with the Gujarat and you will subsequently go to the other procurers. My question is, till the time we get the final resolution from the other pr ocurers, is it fair to assume that you'll be able to run the capacity which you only link to Gujarat in the interim?
Understood. My second question is, how do you think about the renewable capacity addition over the next three months? I think the target we have set for ourselves was 2-2.5 gigawatt, if I remember correctly. I think you added on 600 megawatt if I am not wrong in the last nine months. Do you think we will still be able to meet that 2-gigawatt target?

Acme Solar Holdings Limited

Acme Solar Holdings Limited CC-Feb26.pdf · 2026-01-30
Yes, good morning and thanks for the opportunity. My first question is on the 250 megawatt you signed yesterday. Is this 250 megawatt part of the NHPC where you have signed the Greenshoe capacity? And can I expect this entire capacity to be commissioned in the F Y'28? And related question is, have you given a discount on the initial numbers? I think the rate was 4.56, right?
Have we got the Discom approval or Discom PSA signed for this 250 megawatt? Or is it still awaiting?

Larsen & Toubro Limited

Larsen & Toubro Limited CC-Dec25.pdf · 2026-01-28
Congratulations on another stellar quarter. My first question is on the Kuwait. At the beginning of the fiscal, we were very, very positive on the Kuwait prospect side. We understand that the few orders have got canceled. The question is, are you still positive for the next fiscal for Kuwait or coming quarters? The second related question is that even if this project comes back, do you think this will come at a much lower scope and size? Subramanian Sarma: Okay. This is Sarma here. First of all, I think as we clarified in our earlier communication, the Kuwait orders were not part of our order book. So I thought let me clarify that first. So, nothing changes in terms of what is there for our Quarter 4 order inflow prospects, pipeline, etc. Having said that, yes, it is a bit of a disappointment that some of those projects where we had participated in the competitive bidding and were L1 have been sort of canceled for a simple reason that the budget they had for each of these projects, we always knew that , when we are bidding th at we are far above the budget. Something has gone wrong in their system, and they were trying to get the additional funds, but I think that was becoming difficult for them. So they have canceled it. But these projects cannot be canceled because these are strategically important projects. These are very important for maintaining their production as well as for meeting their targets. So they will come back. They have already started working on it. There will be some minor tweaks, but this will come back. And I think we are very positive that all of these tenders will be out by this calendar year, and they'll get awarded this year. And since we have demonstrated our competitiveness in the previous bidding, I am positive that we will maintain our competitiveness in the forthcoming bid also. So, nothing really lost, except that we have lost some time.
Understood. My second question is on the Revenue Growth guidance. I think at the beginning of the year, we had given 15% revenue growth guidance. And given that the 9-month our revenue growth is slightly around 12%. Are you still holding on the 15% revenue growth guidance?

GE Vernova T&D India Limited

GE Vernova T&D India Limited CC-Feb26.pdf · 2026-01-28
Yes. Congratulations on a very strong quarter and the 9 months. My first question is, can you help us with the reason for not including the HVDC orders for Adani in the current quarter? And does the Adani HVDC orders also include transformers for the project? Or is it only for the terminal?
Understood. My second question, how to think about the impact of the FTA with Europe, does it make our product more competitive for the European region, thereby improving our export chances or does it reduce our cost of raw materials , since you, I think, import a significant part from Europe?
GE Vernova T&D India Limited CC-Nov25.pdf · 2025-11-03
Congratulations on a very, very strong result. My first question is, sir, while you have done superbly in the first half , is it possible to give some color on the margins in the current order book beyond FY '25? And the related question is, are you are you seeing same kind of pricing power, what you have done in the new orders?
And some colo ur on the pricing environment, sir, how do you see -- is it similar? Or is it changing? or is it worsening or improving compared to last year?

JSW Energy Limited

Adani Green Energy Limited

Adani Green Energy Limited CC-Nov25.pdf · 2025-10-29
Yes. Good morning, sir. My first question is on the EBITDA for the current quarter. If you remove the other income, the EBITDA was INR26 billion versus last quarter it was INR30 billion, right? And the question is, we had guided for a run rate EBITDA of INR136 billion for the portfolio which got commissioned by the end of Q1 FY ‘26, right? Which amounts to roughly INR34 billion per quarter. Of course, this quarter we had monsoon, but is it fair to assume that as we enter Q3 and Q4, those run rate EBITDA of INR34 billion per quarter will be achieved?
My second question in this particular quarter, I think, there is a slide number 17, slide 17 of the presentation, which talks about the grid availability for the solar in particular has declined significantly, right? It was last quarter, I think, Q1 it was 97%. I show 89%, right? That number is -- is it that this particular monsoon, there was too much of curtailment in this quarter and we expect this to be corrected as we go forward?

Waaree Energies Limited

Waaree Energies Limited CC-Jan26.pdf · 2026-01-22
Hi, good afternoon, sir. And thank you for taking my question and congratulations on a very - very good quarter. So, my question comes primarily on the risk side. Is there anything going on the anti-dumping duty case, which was pursued in Indonesia, India in the Laos and how are we trying to insulate from it?
Understood. My second question is on the polysilicon tie up which you have done in the Oman. What is the kind of, when do you expect the first polysilicon to be manufactured? Can you give us some tentative timelines?

GMR AIRPORTS LIMITED

GMR AIRPORTS LIMITED CC-Sep25.pdf · 2025-11-14
Good morning and congratulations on a very good quarter. My first question is on the GMR Airport standalone business revenues. There has been a sharp increase in the standalone revenues. Are some of the non-aero businesses being carried out by GAL standalone directly? Can you please help with the details?
Sir, one clarification. You said Delhi duty -free, Cargo these are being carried out directly by GMR Airports standalone business. Is that right? Are there anything else which is being carried out by GMR standalone? Hyderabad duty-free, right?

Engineers India Limited

Techno Electric & Engineering Company Limited

Techno Electric & Engineering Company Limited CC-Nov25.pdf · 2025-11-13
Yes. Good evening, sir, and thanks for the opportunity. My first question is on the transmission pipeline. Is it fair to expect that the H2 and beyond H2 '27, the opportunity size remains sizable because the bidding for F '24 and F '25 for transmission were too high and most of the projects haven't seen the tending as of now. Is it a fair assumption?
My question was more on the tending activity, sir, tending from the power grid, tending from the private IPPs. Are you seeing those opportunities multiplying?

Hitachi Energy India Limited

Suzlon Energy Limited

Suzlon Energy Limited CC-Nov25.pdf · 2025-11-04
Congratulations on a very good set of numbers. Sir, my first question is on the Slide number 22 and Slide number 23 of the presentation. So there is the 1,865 megawatt, which you mentioned in the Slide number 23. Is it over and above the 838-megawatt or 1,009-megawatt mentioned in the Slide number 22. Is it fair to expect that this is 1,865-me gawatt will get installed and start contributing to the revenues for H2 FY '26 and FY '27. Is that the right understanding?
Yes, sir, it is clear. My second question is the inquiry pipeli ne. How is the inquiry pipeline looking like for the new orders? The concerns of new order infl ow increased materially compared to last year on account of low bidding activity and the recent news around cancellation of a LOA of worth of 42 gigawatts.

NTPC Limited

Premier Energies Limited

Premier Energies Limited CC-Nov25.pdf · 2025-10-29
Yes, sir. Sir, one clarification on Transcon. There seems to be a competing business, Sealwel Group, right, which also does the manufacturing of transformer, right? And the second clarification is that EBITDA has been declining for last 3 years on Transcon Industries, right. Can you just help us with the synergy between our business and Transcon business which leads to a higher growth and operating profit?
I think there is a company-to-business pathway of the same group, right? Is it correct?

NLC India Limited

NLC India Limited CC-Jun25.pdf · 2025-08-13
Thanks for the opportunity, Sir. I have 2 questions. First is on this, S ir, how has been the progress on the modification of TPS Stage-II, both the units? And is it fair to expect normal operation by Q2 FY '26? Or do you think we should take in numbers from Q3?
Understood, sir. My second question is , how are you booking revenues in Ghatampur? Is it at 90% or 85% actual capital cost? And what is the status of tariff petition for the capital cost approval for Ghatampur?