Questions across 8 calls

Ravi Swaminathan

Spark Capital

Triveni Turbine Limited

Triveni Turbine Limited CC-May26.pdf · 2026-05-19

Hi, thanks for taking my question. M y first question is with respect to, once again, the enquiry book that you have mentioned that has almost doubled over the past one year. You had given some details about it in the opening remarks, but can you give a bifurcation or possible broad bifurcation as to how much of it has been contributed by the existing products? How much of it has been contributed by the new products? And also, how much of it has been incrementally contributed by the foray into newer geographies like U.S., etc.?

Understood. And within the Indian market, it will be, once again, the steel and cement and oil and gas, which will be driving the growth here? Or is there any other newer sectors which are also growing?

Triveni Turbine Limited CC-Sep23.pdf · 2023-11-02

Congrats on a good set of numbers. My question is kind of an extension to the previous participant's question. In terms of enquiry pipeline, we have seen good growth, I think overall almost 30% kind of good growth that we have seen, which geographies and which sectors are driving this enquiry pipeline growth? If you can do more granular detail, it will be great. Because why I'm asking this question is some of the larger capital goods companies over the past 2-3 quarters have talked about a bit of, say, moderation in terms of growth especially , in the domestic market with elections coming up in the next six months and globally, things also muting a bit. So, if you can give you a broad thought process as to where we are seeing a delta , which other capital goods companies are seeing some moderation.

Got it. And are these in the higher range of turbines? Or is it the regular range that we are seeing an increase in?

Carborundum Universal Limited

Carborundum Universal Limited CC-Nov25.pdf · 2025-10-31

My first question is with respect to the standalone segments of Abrasives and Ceramics and Refractories. The growth were subdued during this quarter. So if you can give a bit more granularity in terms of quality of growth in Abrasives in the retail side and industrial supply side. Similarly, for Ceramics and Refractories between the Wear Ceramics, Metallized Cylinder and Refractories, how the individual subcategories were growing, that will be great, sir?

Okay. And which sectors would be -- Wear Ceramics would be catering to where this delay? Is it like steel, cement...

Havells India Limited

Havells India Limited CC-Dec24.pdf · 2025-01-17

Hi, sir. Thanks for taking my question. We had seen a bit of weakness in the profitability in the switchgear and the ECD business. Yes, you had mentioned that there is a bit of a mix -related issue and some shifting of plant. But was there any pricing-related action also which was there? Was there any pricing pressure because of competition or something on the ground?

Understood. And with respect to lighting business, it has been -- I mean, there has been talks on the ground that the pricing should bottom out anytime soon or something of that sort, b ut still this quarter also I think there ha s been a bit of pricing decline which has been there. So, when do you expect this to turn around a nd what would have been the real volume growth that we would have seen in the lighting business?

Havells India Limited CC-Sep23.pdf · 2023-10-20

My first question is in terms of overall consumer demand, especially growth in Lighting and Fans. The flattish growth is because of overall mark et itself growing slowly, or are you seeing increased competition there also? So if you can throw some light? And next 12 months, do you see a recovery in the overall market to double-digit kind of growth?

Got it. And in terms of growth in volumes in the Cables business, you had mentioned that you had grown by around 10%. Wanted to understand how much would the cable portfolio would have grown? How much would your Wires portfolio would have grown in terms of volume? How much dependence is there in terms of the infra-led growth? And also some of the competitors, larger competitor in the cable and wire space had reported 30% growth during this quarter in terms of volume. Hadn't there been for a capacity constraint, would we have grown at similar pace?

Thermax Limited

Thermax Limited CC-Jun24.pdf · 2024-08-02

My first question is with respect to the outlook in terms of ordering for some of the large and key sectors like metals and steel, chemical and refinery. Over the next 2 to 3 years, what kind of order impact we can expect ? This is on the context that major orders we haven't received this quarter. And the ordering run rate has been in the band of around INR 2,000 crores to INR 2,500 crores for past many quarters, so can these sectors provide a delta in terms of order inflows?

Okay. Is it possible to put a number to these orders? For example, if we start with the refinery capex?

Blue Star Limited

Blue Star Limited CC-Sep23.pdf · 2023-10-31

Sir, thanks for taking my question and congrats on a good set of numbers. My first question is with respect to the room AC market. You had mentioned that we would have grown at 39% in this quarter. Your sense on what can be the market growth for FY24 for the entire room AC market? And how much more potential for market share gain is there for you over the next couple of years in the room AC space?

Okay. And the non -room AC business also, you had talked about deep freezers . As an entire sub - segment, non-room AC business, can it grow at a faster pace than room AC driven by deep freezers and other products?

Polycab India Limited

Polycab India Limited CC-Sep23.pdf · 2023-10-19

Congrats on a very good set of numbers. My first question is in terms of the volume growth that you had mentioned in cables and wires segment, which is around 30%. And in the press release, you had mentioned that the cables have grown faster than wires. Just wanted your thoughts on cables – where are we seeing such robust growth? Is it from the infra side, the industrial side or the real estate side? If it is from infra, how much from the central government's side, and how much is from the state government's side? If you can give broad break-up numbers on what is driving this growth, it would be great.

Okay. At least rough numbers - percentage; if you can give for these top sectors, it would be great. Power T&D means how much will it be out of the overall cable demand. Say, real estate, how much will it be; Railways, how much will it be; Metros, how much will it be. Similarly, for 5 to 6 sectors, is there a number you can put ? I understand that the majority of your revenue would come from dealers and distributors, but you would have a sense, right? If you can give that, it will be great.