Sir, there were -- Ravi mentioned that in the future, the growth of manufacturing revenue would be faster than ROH, and it could be -- probably impact margins going ahead that you are guiding for 30% to 31% EBITDA margin. So, how should we read into this?
Questions across 4 calls
Sanjeev Zarbade
Antique Stock Broking
Hindustan Aeronautics Limited
Garden Reach Shipbuilders & Engineers Limited
Yes, sir. This is Sanjeev here. Sir, my question was regarding the margins. So, we have done very good margins in FY25 and FY26, aided by the writeback of excess provisions that we would have taken on the various major platforms that we are building. So, for the future, should we kind of adjust for this writeback that we did, to really look at the sustainable margins for the future, which could be around 9% to 10%?
Yes, sir. What I was saying was that we did 8.3% EBITDA margin in FY25 and then 11.6% in FY26. Now, if we look to maintain margins, then should we adjust for the benefit that we received from the writeback that we took in the 4th Quarter of FY25 and FY26? Is that the right way to look at how the margins will plan out for the next three - four years?
My question is regarding the outstanding order book in P -17A, we have ₹11,400 odd crores. So, what about be the rough ballpark, accounts books revenue in FY’26 and FY’27, will it be in the ratio of one in terms of how.
Sir, my question was regarding the P-17A, in which we have ₹11,400 crore order, that order book that is pending. So how the distribution in the sense the revenue booking would be in FY’26 and FY’27, although you shared the delivery timelines, but would the revenue booking be also in the same kind of ratio, in the sense more would be booked in FY’27 because we would be delivering two vessels in FY’27 or would it be the other way around?
Mazagon Dock Shipbuilders Limited
Sir, my question was regarding the completion timeline for the ONGC order, which is around INR 4,800 crores. And also, we have seen that the AIP order has not moved since we booked. So also wanted the status of that.
Sir, second question was regarding our MoU with the Naval Group for making submarines for third-party friendly countries. Just wanted to know when we can expect some concrete may be order. Or also, do we have the capacity to take further submarine orders if the 3 additional submarine orders also get built on us?