Solar Industries India Ltd Q1 2020 Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Nirav Savai - JM Financial Institutional Securities Limited, Research Division - Analyst : The question is particularly for the oversea market. We were planning to start manufacturing in 2 new countries, Australia was one of them, which we had indicated in the last call. So what is the progress there? And where do we see revenues coming on from newer geographies? REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. AUGUST 01, 2019 / 6:00AM, SLIN.NS - Q1 2020 Solar Industries India Ltd Earnings Call

Question: Nirav Savai - JM Financial Institutional Securities Limited, Research Division - Analyst : Okay. And also as we see, we had a CapEx plan where we are increasing our capacity to about 7 lakh tonnes domestic capacity, which was expected to come by FY '20. And so is that in place or we see that can be postponed to FY '21?

Question: Nirav Savai - JM Financial Institutional Securities Limited, Research Division - Analyst : Okay. And this INR 270 crores also includes overseas capacities, right? Overseas (inaudible)

Question: Nirav Savai - JM Financial Institutional Securities Limited, Research Division - Analyst : All right. Is there any possibility you can give us a breakup, what is the CapEx what you are doing on the overseas side?

Question: Abhijit Mitra - ICICI Securities Limited, Research Division - Analyst : So my question is on this explosives volumes, which reported at a 2% Y-o-Y growth for the current quarter. Now so what we were trying to understand is that the trade in the Infra segment actually has seen a 29% top line growth, almost a 29% sort of a top line growth. So what kind of volume decline have you seen for Coal India and other institutional miners? And what led to this decline? REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. AUGUST 01, 2019 / 6:00AM, SLIN.NS - Q1 2020 Solar Industries India Ltd Earnings Call

Question: Abhijit Mitra - ICICI Securities Limited, Research Division - Analyst : 2% sort of an increase.

Question: Abhijit Mitra - ICICI Securities Limited, Research Division - Analyst : Yes. And if -- so the second question was related to it only. So if -- how much lever do you have on the Trader Infra segment? I mean, how much can you ramp it up further? If there is weakness which persists in the institutional side.

Question: Abhijit Mitra - ICICI Securities Limited, Research Division - Analyst : Yes. And the second part is that this Trade and Infra, this is majorly catering to the Road segment, right? So are you seeing a slowdown there or have any talks of funding? And I'll come to your notice, I mean, how do you see it for the course of the remainder year or 1.5 years?

Question: Abhijit Mitra - ICICI Securities Limited, Research Division - Analyst : So just to -- as a follow-up on the previous question. So Manish, you mentioned that as defense ramps up to, say a INR 500 crores kind of a top line, the margins of the business will move from 21%, 22% to 24%. Is the understanding right?

Question: Abhijit Mitra - ICICI Securities Limited, Research Division - Analyst : Of the entire business, right?