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00:00We have Satyen Mamtora, who is the Managing Director at Transformers and Rectifiers India joining us.
00:08Of course, sir, just talk to us about orders, talk to us about the kind of traction you continue to witness.
00:16The last time I spoke with you or had the opportunity to speak with you, you had spoken about the kind of very strong traction
00:22that currently you were seeing, at least back then, maybe a quarter ago.
00:27Is that trend continuing or have we started to see a bit of a tapering in terms of that top?
00:34No, the trend is still continuing. Currently, our un-executed order book is at 3031 crores.
00:43And we are expecting an order from RRVPNL, which will come very shortly, which will be executed by first quarter 2025.
00:56Now, just wanted to continue this conversation with Satyen, Punit also joining in this conversation now.
01:02You did mention about your current order book, roughly around 3100 crores.
01:08In the previous quarter, you did mention there are roughly around 17000 crores of orders that are under negotiation.
01:14Just wanted to understand the scope of them, you know, are most of them in power transformers
01:20and what is the timeline that you see in execution for this particular order, getting these orders as well?
01:26So, most of the orders in that 17000 are power transformers and rectified duty transformers also.
01:32And the orders that we currently have are going to be mainly executed in the next 18 months.
01:42And would that also mean that most of these orders that you are speaking with or in negotiation,
01:49are you seeing private sector also participating in those orders or is it more from central and state utility companies?
01:57So, most of these orders are from the central utilities and a few from private companies also.
02:08Right, Mr. Mamtora, such strong order traction, what does this do to your margins and how quickly are you going to ramp up on that number?
02:16Maybe over the next year or two, where should we start to see margins just in terms of either normalization or increase?
02:24So, margins will mostly stay at about 15% PAT and the ramp up is already being started.
02:33We will be closing our year at around 2000 crores this year.
02:37Understood. And just with regard to execution, you are currently at roughly 1200 to 1300 crore in terms of top line.
02:46Where does that go two years from now as you execute a lot of these orders that have come?
02:51So, from two years from now, we are looking at around 4500 to 5000 crore execution.
03:01Just one final question, sir, very quick one, if I can squeeze in.
03:05In your presentation, you did highlight the opportunity in the T&D sector specifically.
03:10I just wanted to understand that you have mentioned that additional requirement about 50,000 kilowatt of transmission lines will be required going forward.
03:18How much can you capture this opportunity as a company and what could this mean for revenue potential for the industry as well?
03:25Because it's a large number that you are quoting going forward as well in this particular order.
03:31If you could just talk us through that a bit.
03:33So, like I said, in the next two years, we are looking at closing at around 4500 to 5000 crore rupees.
03:45And the traction is very good on rectifier duty transformers also.
03:53Alright. Got it, Mr. Mamtora.
03:57And sorry, just last question I want to squeeze in. Capacity available for all of this execution?
04:02So, we are currently at 45,000 MVA per annum.
04:07We are expanding our capacity by 15,000 MVA.
04:11So, we'll be closely at around 60,000 MVA.
04:14Okay, understood. Okay. Thank you so much, Mr. Mamtora.
04:17Great story playing out.
04:18You know, 3x in terms of top line likely is the guidance and 4x in terms of EBITDA.
04:25If all of this were to play out.
04:27Thank you so much for that guidance.