Tube Investment of India conducted the conference call for Q3 FY22:
Here are the conference call highlights:
๐งต๐
Here are the conference call highlights:
๐งต๐
Business Updates:
Engineer Segment
- Revenue: 966cr vs 733 cr last year
- PBIT: 87cr vs 102cr last year
Margin dip was due to higher fixed costs incurred towards special maintenance expenditure.
Metal:
- Revenue: 330 cr vs 316cr last year
- PBIT: 32cr vs 38cr last year
Conti.
Engineer Segment
- Revenue: 966cr vs 733 cr last year
- PBIT: 87cr vs 102cr last year
Margin dip was due to higher fixed costs incurred towards special maintenance expenditure.
Metal:
- Revenue: 330 cr vs 316cr last year
- PBIT: 32cr vs 38cr last year
Conti.
Margin dip was due to lower volume in railway and door frames.
Mobility:
- Revenue: 280cr vs 235cr last year
- PBIT: 15cr vs 15cr last year.
Margin dip was due to higher 3W EV preoperative costs.
CG Power has deliver good business in Q3.
Subsidiary Business in the Image:
Mobility:
- Revenue: 280cr vs 235cr last year
- PBIT: 15cr vs 15cr last year.
Margin dip was due to higher 3W EV preoperative costs.
CG Power has deliver good business in Q3.
Subsidiary Business in the Image:
Industry Updates:
โข Challenges witnessed in Automobiles industry.
โข Export market has witnessed good growth.
โข Railways segment looks positive & Tube would continue to invest in this segment.
โข Challenges witnessed in Automobiles industry.
โข Export market has witnessed good growth.
โข Railways segment looks positive & Tube would continue to invest in this segment.
Export:
โข Co. is closer to the export target given by the company initially and expect to show higher growth.
โข Engineer segment has shown 20% of revenue & target remains 30-35%
โข Industries Engineer segment also witnessing good growth. OEM has shown good traction.
โข Co. is closer to the export target given by the company initially and expect to show higher growth.
โข Engineer segment has shown 20% of revenue & target remains 30-35%
โข Industries Engineer segment also witnessing good growth. OEM has shown good traction.
Mobility:
โข Tube is looking at electric tractor segment, which is showing good opportunity.
โข Electric mobility has good growth potential.
โข Mgmt targets 3W & tractor as the sector are very disruptive.
โข Power is subsidized in tractor area, which makes segment look good.
โข Tube is looking at electric tractor segment, which is showing good opportunity.
โข Electric mobility has good growth potential.
โข Mgmt targets 3W & tractor as the sector are very disruptive.
โข Power is subsidized in tractor area, which makes segment look good.
Margins:
โข Tube was able to pass on certain price to customer, however increase in RM price did impact the business.
โข Mgmt expect the margins to improve with stabilization in RM price.
โข Tube was able to pass on certain price to customer, however increase in RM price did impact the business.
โข Mgmt expect the margins to improve with stabilization in RM price.
Shanti Gears:
โข Q3 remain good for the co. with some revenue overflow from last quarter.
โข With current orders, Shanti has 6-8 months of order book with new orders coming on line.
โข Order book is 270cr.
โข Utilization of factory is very high.
โข Q3 remain good for the co. with some revenue overflow from last quarter.
โข With current orders, Shanti has 6-8 months of order book with new orders coming on line.
โข Order book is 270cr.
โข Utilization of factory is very high.
Expansion:
โข With CG Power, co. is planning for expansion in its own segment.
โข Tube is planning to invest in Electric Vehicles & OEM segment or in new segment.
โข Target would be both organic & inorganic segment.
โข Focus will remain on TI 2 for expansion.
โข With CG Power, co. is planning for expansion in its own segment.
โข Tube is planning to invest in Electric Vehicles & OEM segment or in new segment.
โข Target would be both organic & inorganic segment.
โข Focus will remain on TI 2 for expansion.
Other:
โข Tube investment is net debt free.
โข Debt policy is not more than 2x of free cash flow.
โข Tube has delayed for launch of 3W. Initial focus would be on domestic market and then on international market. This can be via partnership as well.
End
โข Tube investment is net debt free.
โข Debt policy is not more than 2x of free cash flow.
โข Tube has delayed for launch of 3W. Initial focus would be on domestic market and then on international market. This can be via partnership as well.
End
Loading suggestions...