Questions across 9 calls

Shreyans Mehta

Equirus

Cemindia Projects Limited

Cemindia Projects Limited CC-Nov25.pdf · 2025-10-31

Congrats on a great set of numbers. So my first question is just one clarification. So order inflow, including L1 would be closer to INR6,000 crores plus close to INR5,000-odd crores. So INR11,000 crores is the number is how we should look at things?

No writeback. Got it. Got it. Got it. Sure. And sir, third, in terms of the depreciation cost, if you see the quarterly run rate seems to be going downwards as compared to last year. So will this be -- we should be assuming this run rate closer to INR430 crores, INR440-odd crores going forward? Or how should one look at the depreciation run rate?

Cemindia Projects Limited CC-Mar25.pdf · 2025-05-14

Sir, congratulations on a great operating performance. The first question is on the orders which we are targeting from our parent. So if you could quantify any large projects where we are in advanced stages, A. And second is in terms of margins or how would the bidding happen, especially from the Adani projects? Would this be fixed margin projects, would this be open tendering or we would be given preference in certain projects?

Got it. And sir, any understanding on the margin from this project?

Ircon International Limited

Ircon International Limited CC-Mar25.pdf · 2025-05-22

Ma’am c ould you quantify the one off during the quarter which led to the lower margins?

Okay. Second, from a medium-term perspective, how should one look at the growth from here on, right now we have an order book of say Rs.20,000 odd crores. So now should the focus move on building order inflows at lower margin, or will still wait for orders to come in at the margins we want , how should one look at that and secondly, how should one look at FY’26 standalone revenues and margins?

Ircon International Limited CC-Mar24.pdf · 2024-05-22

Yeah. Thanks for the opportunity and congratulations on a good set of numbers. Ma'am, this quarter if you see the margins, we on a standalone basis, we are closer to say 7 o dd percent. So, can we replicate the same going forward, or are there any one offs during the quarter?

Got it, got it, got it. Sure. Secondly, ma'am, you know, in the previous calls, we were talking about order inflow, you know, large ticket size projects w hich were put on hold. So are we seeing, you know, there's some improvement out there and if you could, you know, name a few projects where we are expecting you know next year we could bag or you know we where we have bided for some projects.

RITES Limited

RITES Limited CC-Sep24.pdf · 2024-11-07

Yeah. Thanks for the opportunity. My first question is as far as the margins are concerned, so if you see Sir, you know after a long period of time, the margins have actually come down below 20. So just wanted to understand, are there anyone offs during the quarter? And secondly in terms of you know, how should we see the margin trajectory going forward? That's the first question.

Yeah. Thanks for the opportunity, Sir. Coming to a FY25, as you said, you know, probably export orders traction should start from F Y 26. So how should one look at F Y 25 in terms of revenues given that export orders wouldn't be there and 2nd f ollow up would be you know once the export orders start trickling in? Will the working apple cycle be similar to what we had earlier, or would there be any changes?

RITES Limited CC-Jun24.pdf · 2024-08-01

Yeah. Thanks for the opportunity. Sir, again, coming back to margins. So just one clarification. So, since the export orders are on a competitive basis, will we see a dip in margins there as well? Vis-a-vis previous quarters of previous years which we used to enjoy?

So just to summarize, so on an aggregate console basis, you know once all export orders also come under execution, is it fair to assume that we will be at say closer to 20% EBITDA margins?

RITES Limited CC-Mar24.pdf · 2024-05-29

So my question pertains to the margin profile. So now that we've moved more towards the competitive base and large part of our orders, be it international or even in domestic are on a competitive bidding. The margins this quarter were much better over last 3 quarters. So can we take this as a benchmark or take this as a guidance going forward as well?

So just wanted to know the status of the Zimbabwe order, which we had announced last year.

RITES Limited CC-Dec23.pdf · 2024-02-02

Sir my question was pertaining to the export orders. So, as you see, we have just converted partial of our L1 into the firm orders. So, when can we see the larger pie coming, converting into revenues or even into firm orders?

Sure. And sir any clarity on the Zimbabwe orders the rolling stock?

RITES Limited CC-Sep23.pdf · 2023-11-01

All right. Any number you would like to assign in terms of guidance, say, '22 to '24 something?

Sir, my question pertains to our top line. So assuming the export orders, as you've been guiding would be probably 6 months, 9 months down the line. So is it fair to assume or probably are you confident that we'll be able to meet the last year's numbers as far as the top line is concerned?