Uravi Defence &

- For FY25, Uravi expects EV charger production of about 5,000 units per month, selling at INR 15,000-19,000 per unit, indicating significant revenue growth from this segment starting mid-year. - EBITDA margins for EV chargers are described as "comfortable" and likely better than existing product margins. - Company aims for a normalized EBITDA margin of around 17%-18% by March 2024, with a target to reach 20% in future quarters. - FY24 9M financials show PAT growth from INR 0.87 crores to INR 1.58 crores and EPS rising from INR 1.11 to INR 1.44, reflecting sustainable profit growth. - Improved supply chain stability and increased OEM orders are expected to boost profitability and top-line further in upcoming quarters, with strong optimism for March 2024 and beyond. - Expansion in dealer network and new EV product lines are positioned to drive future earnings growth.

- The transcript provided does not mention any current or planned fundraising through debt or equity. - Management discussions focus on business expansion, product development (notably EV chargers), and capacity enhancements. - Capex plans for EV charger manufacturing are estimated between INR 2 to INR 5 crores. - No explicit references to raising funds via equity or debt were noted during the Q3 FY24 earnings call. - The company is primarily focusing on organic growth, supply chain stabilization, and expanding dealer networks.

- Uravi is investing in EV charging setup development with commercial production expected by Q2 FY24 (July-August 2024). - The EV charging manufacturing facility will be a mix of a new company and technical collaboration with Uravi involvement. - Planned capex for EV charging includes INR 2 to INR 5 crores for testing and manufacturing facilities. - For EV chargers, the initial target production is around 5,000 units per month in the first year. - The company has undergone expansion of automotive lamp manufacturing capacity aiming to increase utilization from ~60% to around 75% with further growth potential. - Ongoing investments also include streamlining supply chain and capacity expansions in existing plants. - No explicit mention of other strategic investments or greenfield projects beyond EV charging and existing capacity expansion.

- EV charging setup commercial production expected from Q2 FY25 (July-August 2024), targeting 5,000 EV chargers/month initially (~60,000 units/year). - EV charger selling price: INR 15,000 to INR 19,000 per unit with comfortable EBITDA margins better than current products. - Automotive lamp sales growth expected due to expansion of dealer network into Eastern and Southern India, increasing from about 40-50 distributors. - Gradual ramp-up to produce 250,000 automotive lamp units/year, with plans to increase capacity to 500,000 units. - Overall revenue growth expected in FY25 and FY26 as supply chain stabilizes and production scales. - EBITDA margin target: Conservative 17%-18% in March 2024, aiming for 20% in the near future. - Strong OEM tie-ups with approximately 50% market share in two-wheeler lamps, excluding Honda expected to come onboard next year. - Expecting improved profitability and top-line growth in coming quarters, anchored by new product launches and market expansion.

- As of 19th September 2023, there was a sudden increase in order schedule from OEMs from 20% to 80%, leading to increased supply chain costs and pressure on margins. - The company stabilized raw material supply and production from September to January 31, 2024. - Current order book is strong, with expectations for increased topline and profitability in coming quarters. - For EV chargers, targeting production of around 5,000 pieces per month starting FY25. - Manufacturing capacity is currently utilized at about 58%-60% with plans to increase utilization to 75% with expanded orders. - Overall, the management expects a very good Q4 FY24 and further growth in FY25 driven by stabilized supply chain and new product launches.