Talbros Automotive Components · tone and specificity signals across the available quarters.
Language signals
Margins during the quarter witness temporary pressure on account of elevated commodity prices particularly steel and aluminium as well as other inflation costs such as labor increases in some states. But we're very happy we are very positive that we will get these increases from the OEMs in the coming quarters.
MELI is just opened up his doors with Stellantis so new customer from the chassis business line as well as the forging business line. We're working with Jaguar Land Rover on new components for the first time which are plastic components for the electric vehicles. That's an old customer with a new product line that we're working with.
First quarter it is around 3.27% of this year. We expect in next two years it should cross 5%.
We have recently received an order of 500 crore in the forging division from Europe. The commercial production will start in the last quarter of the calendar year. So this is a big number.
Going forward for next one year I will say it should be between 17 to 17.5 somewhere. In one quarter if it comes down to 16.8 please don't worry, it will come back again because some price increases happen like currency has gone haywire.
We are going to do this capex in FY27 and we have already added around 70 crores of capex in FY27. For the forging and standalone business required a capex of around 115 crores.