AVP Infracon

- No immediate plans for equity dilution or preferential allotment; the company recently completed its IPO about six months ago and intends to complete a year before considering additional equity fundraising. - The company has increased short-term borrowings mainly due to bill discounting/co-factoring to manage receivables with typical 60-90 days collection periods. - No concern expressed about long-term loans; short-term loans provide liquidity for current growth. - The company is focused on sustainable growth leveraging existing capital and credit facilities, with no current plans for fresh capital infusion via debt or equity. - Non-fund based limits stand at INR55 crores with around INR20 crores utilized, allowing bidding capacity without immediate need for additional financing.

- AVP Infracon Limited has made a strategic investment by acquiring a 90% stake in Kanthan Blue Metals with a capital contribution of approximately INR 3.6 crores. - The investment aligns with their broader vision of sustainable expansion and value creation. - The company inaugurated its third ready-mix concrete plant in Dharapuram, Tirupur district (90% stake), to meet growing regional demand. - No immediate plans for fresh capital dilution or preferential allotment post-IPO; any future capital raise will be planned after completing one year post-IPO. - The company is exploring opportunities for joint ventures and strategic investments to strengthen capabilities further. - Focus is on organic growth and expanding into new states with larger, complex projects rather than immediate large-scale capex announcements.

- FY25 turnover target: INR 250 crores, with confidence in achieving this; anything above is a bonus. - FY26 turnover target: INR 500 crores, backed by a strong order book expected to reach INR 750-1000 crores. - Order book pipeline: Currently around INR 600-700 crores in bids, primarily EPC projects. - Growth drivers: Expansion into new geographies like Karnataka, Hyderabad, Madhya Pradesh, Telangana, Maharashtra, and Uttar Pradesh. - Solar EPC segment: Targeting revenue generation starting FY26, with potential early orders in FY25. - Margins: Sustainable net margins of around 13% expected with cost control and escalation clauses in contracts. - Strategic investments and joint ventures planned to boost capabilities and support expansion. - Focus on improving debtor days from current ~81 to 60 days by March 2025 to improve working capital.

- Targeting INR250 crores turnover in FY25 and INR500 crores in FY26, both achievable with any excess considered bonus. - Net profit margins expected to be maintained around 13%. - Earnings per share (EPS) saw a 26.39% YoY increase to INR5.11; growth momentum expected to continue. - 75% YoY growth in H1 FY25 net profit attributed to increased turnover and decreased interest costs; similar growth is expected going forward. - Expansion into new states (Karnataka, Telangana, Madhya Pradesh, Andhra Pradesh) and strategic investments support sustainable growth. - Order book anticipated to grow to INR750 crores in FY25 and INR1,000 crores in FY26, supporting higher revenues and profits. - Solar EPC segment targeted for revenue addition next financial year, offering new growth avenues. - Margins are expected to sustain at current levels due to disciplined cost management and escalation clauses in contracts.

- Current unexecuted order book is approximately INR 250+ crores, consisting of running projects (Page 5). - Received a new order of INR 17 crores recently, not yet included in the order book (Page 5). - The company aims for INR 400-500 crores order book for the current financial year, confident of covering the gap in H2 (Page 11). - Bidding pipeline is around INR 600-700 crores (Page 13). - Targeting fresh orders of INR 750 crores by FY25, including bids across Tamil Nadu, Karnataka, Hyderabad, and Madhya Pradesh (Page 13). - The order book to billing ratio is maintained around 1:2 historically (Page 9). - No orders currently from private clients; 100% order book is from government projects (Page 10).