Q3 concall of SWSolar.(thread)
Extremely positive management commentary. Few are being listed as per my understanding
1. Due to working capital challenges, company has achieved 2/3rd of revenue of what they could achieve.
Extremely positive management commentary. Few are being listed as per my understanding
1. Due to working capital challenges, company has achieved 2/3rd of revenue of what they could achieve.
And in final quarter, apart from the revenue targeted for the upcoming quarter, company would also like to get back the lost revenue in Q3. so in total, Q4 shall be the best quarter of the year and it might keep rising in upcoming quarters.provided guidance of profits in Q4.
2. significant reduction in debt(1800 cr) which will reduce finance costs and company has sufficient capital to execute projects without taking any debt for next one year atleast. (furhter funds are earmarked in dpeosits to pay for the next due payment which is around Dec 2024)
Targeting a reduction in overhead costs(from 360 crore to around 300 crore) and then to less than 300 crore in upcoming quarters.
4. Could announce a substantial no of projects(around 6 GW) this quarter. And this is apart from Nigeria and Reliance projects which can roll out soon.
5. Nigeria project talks are shaping up and might announce soon. And regarding reliance projects, they have mentioend is land allotment is happening and then projects might go on ground., significant projects wil b awarded 2 SWSolar(nothing mentionedexplicitly)
6. Extremely positive commentary about Indian market conditions and the future. Overall, in comparison to the last concall, this concall was a proper turnaround story and seems like an exciting journey is about to start .
@rdkriplani #SWSOLAR
@rdkriplani #SWSOLAR
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