Solar Industries is expecting big orders in the coming quarters , again.
## Solar Industries India Limited (SIIL) - Q4 FY24 Earnings Call Highlights
**Financial Performance:**
- **Record Profits:** Quarterly and yearly profits hit an all-time high at Rs.243 crore and Rs.875 crore respectively
- **Revenue:** Quarterly turnover at Rs.1611 crore and yearly turnover at Rs.6070 crore
- **Expanded Margins:** Increased margins attributed to strong domestic performance and higher defense sales.
- **EBITDA:** Quarterly Rs.371 crore, yearly Rs.1414 crore, with margins at 23.06% and 23.29% respectively.
- **PAT:** Quarterly Rs.243 crore, yearly Rs.875 crore, with margins at 15.07% and 14.42% respectively.
- **Dividend:** Proposed dividend of Rs.8.5/share for the current year.
**Operational Performance:**
- **Domestic Explosives Volume Growth:**
Significant 24% quarterly and 20% yearly volume growth.
- **Defense Revenue Milestone:**
Annual defense revenue crossed Rs.500 crore for the first time.
- **International Business:** Experienced a 12% revenue drop due to currency fluctuations and hyperinflation, but sees a positive outlook for the future.
**Future Outlook:**
- **Overall Revenue Growth Target:** Aiming for 30% topline growth in FY25.
- **Domestic Volume Growth:** Expecting 15% volume growth in domestic explosives business.
- **International Business Growth:** Anticipating significant improvement in international business performance.
- **Defense Business Growth:**
Expecting threefold growth in defense revenue in FY25, reaching around 20% of total revenue.
- **Planned Capex:** Rs.800 crore planned for FY25, allocated to defense and explosives businesses.
- **Margin Improvement:** Expecting further improvement in EBITDA margins.
**Concerns:**
- **Currency Fluctuations & Hyperinflation:** Losses of Rs.900 crore in revenue and Rs.150 crore in EBITDA due to currency and hyperinflationary challenges.
- **Supply Chain Issues & Global Uncertainty:** Acknowledging potential impact from supply chain disruptions, geopolitical situations, and sector slowdowns.
**Other Key Points:**
- **Strong Order Book:** Record high defense order book at Rs.2600 crore, with expectations of significant future orders.
- **New Market Entries:** Expanding into the Rajasthan market and Saudi Arabia.
- **Focus on R&D:** Continued investment in new product development, including anti-drone systems.
- **Government Policy Alignment:** Aligning business goals with the "Make in India" initiative, focusing on self-sufficiency and becoming an export hub in the ammunition sector.
**Financial Performance:**
- **Record Profits:** Quarterly and yearly profits hit an all-time high at Rs.243 crore and Rs.875 crore respectively
- **Revenue:** Quarterly turnover at Rs.1611 crore and yearly turnover at Rs.6070 crore
- **Expanded Margins:** Increased margins attributed to strong domestic performance and higher defense sales.
- **EBITDA:** Quarterly Rs.371 crore, yearly Rs.1414 crore, with margins at 23.06% and 23.29% respectively.
- **PAT:** Quarterly Rs.243 crore, yearly Rs.875 crore, with margins at 15.07% and 14.42% respectively.
- **Dividend:** Proposed dividend of Rs.8.5/share for the current year.
**Operational Performance:**
- **Domestic Explosives Volume Growth:**
Significant 24% quarterly and 20% yearly volume growth.
- **Defense Revenue Milestone:**
Annual defense revenue crossed Rs.500 crore for the first time.
- **International Business:** Experienced a 12% revenue drop due to currency fluctuations and hyperinflation, but sees a positive outlook for the future.
**Future Outlook:**
- **Overall Revenue Growth Target:** Aiming for 30% topline growth in FY25.
- **Domestic Volume Growth:** Expecting 15% volume growth in domestic explosives business.
- **International Business Growth:** Anticipating significant improvement in international business performance.
- **Defense Business Growth:**
Expecting threefold growth in defense revenue in FY25, reaching around 20% of total revenue.
- **Planned Capex:** Rs.800 crore planned for FY25, allocated to defense and explosives businesses.
- **Margin Improvement:** Expecting further improvement in EBITDA margins.
**Concerns:**
- **Currency Fluctuations & Hyperinflation:** Losses of Rs.900 crore in revenue and Rs.150 crore in EBITDA due to currency and hyperinflationary challenges.
- **Supply Chain Issues & Global Uncertainty:** Acknowledging potential impact from supply chain disruptions, geopolitical situations, and sector slowdowns.
**Other Key Points:**
- **Strong Order Book:** Record high defense order book at Rs.2600 crore, with expectations of significant future orders.
- **New Market Entries:** Expanding into the Rajasthan market and Saudi Arabia.
- **Focus on R&D:** Continued investment in new product development, including anti-drone systems.
- **Government Policy Alignment:** Aligning business goals with the "Make in India" initiative, focusing on self-sufficiency and becoming an export hub in the ammunition sector.
HAL Q4 & year end concall , transcript not available yet so listen maybe.
cc @Ashwin @Rajput Lion @Gautam @Fatalis
raw audio link
cc @Ashwin @Rajput Lion @Gautam @Fatalis
raw audio link
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Very good news
HAL will invest in multiple strategic assets intended towards greater indigenization, including a 20,000 ton isothermal press and 50,000 ton hydraulic press for manufacturing forgings for engines and aero structures. A carbon fiber facility will also be set up for 600 crore.
HAL will invest in multiple strategic assets intended towards greater indigenization, including a 20,000 ton isothermal press and 50,000 ton hydraulic press for manufacturing forgings for engines and aero structures. A carbon fiber facility will also be set up for 600 crore.
- 60 UH-M for Navy - 20,000 cr + PBL 13,000 cr
- 240 AL-31FP - Rs 26,000 cr
- RD-33 - Rs 4,500 cr
- 25 ALH - Rs 3,500 cr
- 9 ALH CG
It's over guys, drdo has been successfully destroyed along with our indigenous capability. The decades of hardwork and capability building has went down the drain.
Now no more aatmanirbharta, only screwdrivegiri.
Dalals have won.
Now no more aatmanirbharta, only screwdrivegiri.
Dalals have won.
It's good that they are finally starting to trim the fat. Hopefully DRDO can transition into an organization like DARPA and the private sector can assume much of the R&D that DRDO had a monopoly on.
They need to shakeup the bureaucracy that makes procurement decisions as well.
Look at this clueless moron, the whole committee is full of such dalals.
Essentially they want to kick drdo out from the loop & snatch away their autonomy so that they can easily import foreign maal.
These *censored*s should first reform themselves instead of lecturing others.
These *censored*s should first reform themselves instead of lecturing others.
What exactly did he say that is wrong? How will reform of DRDO lead to more import?
All the arguments that he made are correct. DRDO needs to adapt to the changing times. There should be serious accountability for significant delays and incompetence. Today, DRDO does not need to handle every product development, as the industry is mature enough to only require guidance (Except strategic stuff). The services have also reformed considerably; the Army Design Bureau is a perfect example.
DRDO cannot be the entity to judge, act as the jury, block procurement, and undertake a project. This represents a serious misalignment of incentives. Currently, no one faces consequences when they fail to deliver a product on time. There should be an external authority that gathers input from all stakeholders, which is precisely what the proposed committee aims to do.
Why exactly is the meaning of "Autonomy" in the context of DRDO?. This organization relies on the cooperation of various stakeholders and does not use the products it develops. The performance of the equipment they produce directly impacts the end users. Any flaw in the LCA or ALH could result in the loss of many lives. When you promise to deliver a MiG-21 replacement and delay it by a decade, pilots get killed as a consequence. No consequence and full autonomy do not go hand in hand.
In the case of ISRO, they establish the requirements, conduct research and development, and carry out product development. They primarily serve as their own customer. The failure of Chandrayaan doesn't matter at the end of the day because it's a science experiment. Our deterrence does not depend on it. The story is similar for Department of Atomic Energy (DAE), they can afford to be "autonomous" because for the most part they are their own customer.
The introduction of theaterization is a significant transformation implemented in services, while corporatization was mandated for OFB. Any organization funded by taxpayers must undergo reforms periodically to enhance efficiency and effectiveness.
When you have such shitshow going on don't expect any positive development.
Navy Gets Its First Made-In-India UAV; All You Need To About Drishti 10 Starliner | Watch
The Indian Navy on Wednesday got its first indigenous medium-altitude long-endurance (MALE) drone, the Drishti 10 Starliner unmanned aerial vehicle (UAV), which will boost its intelligence, surveillance, and reconnaissance capabilities.
www.livemint.com
Apollo Micro presentation https://nsearchives.nseindia.com/co...S_Investor_Presentation_31_03_2024_signed.pdf
How is this related to reform exactly? Israeli UAVs are being used due to the complete failure of DRDO/ADE. They had an absolute first-mover advantage with LCRA and Nishant but couldn't produce a usable product after two decades of development. On artillery, ATAGS is definitely coming and TGS is literally defined as "Indian-designed". Yet, somehow everything is a giant conspiracy. Every facet of the government is making the right noise on the indigenous development front. When the tide is turning, embrace the change.When you have such shitshow going on don't expect any positive development.
Navy Gets Its First Made-In-India UAV; All You Need To About Drishti 10 Starliner | Watch
The Indian Navy on Wednesday got its first indigenous medium-altitude long-endurance (MALE) drone, the Drishti 10 Starliner unmanned aerial vehicle (UAV), which will boost its intelligence, surveillance, and reconnaissance capabilities.
DRDO is not an expert in every defense product. so let's wait and see if the changes suggested by the committee are fruitful or not. why come to a conclusion now and everyone can't be satisfied with the decision taken by the committee. Get rid of the departments that are not performing or make them independent.