Q1-FY27 · Vikram Mohan
These are not lost earnings, these earnings are delayed and will be recovered through indexation—not entirely but a large part—in the corresponding quarters.
Pricol · tone and specificity signals across the available quarters.
Language signals
These are not lost earnings, these earnings are delayed and will be recovered through indexation—not entirely but a large part—in the corresponding quarters.
12.5 to 13% margin is what I've always maintained is the blended margin that is right for our company to maintain our share of business and that's what we are endeavoring to get quarter on quarter.
For the next one year since we have a lot of new programs and a lot of capacity addition and also the demerging the company, I think we have our hands full... I don't foresee that we will pursue any acquisition opportunities unless something very attractive of the right quality at the right value comes up.
We are the largest supplier of telematics for the off-road vehicle. For JCB who is the largest in India, we are a live link supplier to telematics.
The capex would be around 500 crores for the next two to three years... We have been steadily growing at 15% plus... Pricol has been outperforming the market in the last 8 to 12 quarters.
We are above 90% [capacity utilization] as we speak. That's why we are infusing fresh capital to increase capacities and also create new facilities to keep up with the growing demands of the business.
I think personally it will be an evolving process. We have put out an active team that's engaging with our top 10-12 customers to recover cost. I think it's going to be tripartite... How much is that number going to be and how long is this going to take is probably time will tell.
We are starting a major cycle of capex. In fact this year in itself we have planned for about between 680 to 700 crores of capex to cater to all of our new businesses that we have won.
I do not see any dip in market share because we have got confirmed LOIs for most of the programs. So for the next three years barring degrowth or slowing of the market, loss of market share is not something that we need to fear about.