The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Amit Shah - Antique Stockbroking Ltd., Research Division - Analyst
: Am I audible?
Question: Amit Shah - Antique Stockbroking Ltd., Research Division - Analyst
: My first question is, will it be possible to share the mix between the CPCB 4-compliant product sales? And how much is the sales of CPCB 2-compliant
product in this particular quarter?
Question: Amit Shah - Antique Stockbroking Ltd., Research Division - Analyst
: In percentage terms -- broad percentage, would it be possible to share as to what proportion of our PowerGen sales have been from CPCB 4-compliant
product portfolio? Any -- so just to get a color on how the traction is moving in this particular segment.
Question: Amit Shah - Antique Stockbroking Ltd., Research Division - Analyst
: Certainly, on the 2H outlook, right? So second quarter, we had seen a subdued performance given that the first quarter was -- had witnessed a very
strong prebuying, right? So -- but going -- moving ahead, how do you see the traction in terms of sales? Do we believe that sales -- from second
half onwards, sales should revert back to the normal growth trajectory of 10%, 15% that we were witnessing earlier? Or do you believe that the
overhang of the first quarter prebuying should continue in 3Q and fourth quarter onwards? We might see the normalcy getting back in action?
Question: Amit Shah - Antique Stockbroking Ltd., Research Division - Analyst
: Okay. One more thing I wanted to understand. In this particular quarter, our employee cost has jumped up significantly, right? So we have seen
INR 75 crores, INR 76 crores kind of an employee cost in this particular quarter. And if you can just share, what is the reason for that? And what
would be the quarterly run rate going ahead given that it's a very sharp jump on Y-o-Y basis as well as on a Q-o-Q basis?
Question: Amit Shah - Antique Stockbroking Ltd., Research Division - Analyst
: Okay. So this INR 75 crores is the quarterly run rate we should assume going ahead? Or do we believe that, that INR 65 crores, INR 66 crores is the
right quarterly run rate on the employee cost?
Question: Amit Shah - Antique Stockbroking Ltd., Research Division - Analyst
: Okay. And sir, if you can share some details on the CapEx. As to the nature of the CapEx, although you -- in the initial opening remarks, you have
highlighted that this CapEx is related to CPCB 4-related product portfolio. But what exactly is the nature of CapEx, if you can just highlight? Because
it's a very large number, right, INR 160 crores odd. So if can you just highlight as to what is this regarding and whether we have added incremental
capacity lines for the manufacturing of CPCB 4 or what is the nature of this CapEx?
Question: Amit Shah - Antique Stockbroking Ltd., Research Division - Analyst
: And sir, lastly, on the export, we mentioned that we have appointed a global OEM for the GCC region. So how do we see this playing out? What is
the kind of trajectory we can expect on the export sales going ahead? We have been highlighting on our 2X-3Y strategy that export will be almost
like 25%, 30% of our revenue over the next 3 years. So if you can just highlight as to this particular arrangement, how significantly it can change
the trajectory of export numbers for the next couple of years. Yes, that would be the last question from my side.
Question: Amit Shah - Antique Stockbroking Ltd., Research Division - Analyst
: Yes. I would like to thank all the participants for joining the call. And I would also like to thank the management for giving us the opportunity to
host the call. I would request the management to provide us with the closing remarks, post which we can conclude the call. Over to you, ma'am.
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