Earnings call: 15% growth target; stationary engine revenue near $100 million by FY30
CRAFTSMAN · price
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Management targets 15% growth in real terms. Stationary engine revenue should reach 30% of the $100 million FY30 target by FY28 and 50% by FY29. Orders and pipelines are strong, and new capacity supports Powertrain and aluminium growth. Aluminium margins are temporarily weak, but customer price corrections should help over two quarters. Gross debt rose to Rs 3,618 crore in September; FY net debt to EBITDA is expected at 1.7 to 1.8 times.
Growth targets and margin recovery support future earnings, but debt, working capital and new plant ramp-up risks may limit near-term gains.