Technocraft Industries (India) · tone and specificity signals across the available quarters.
Language signals
We are still in a capacity constraint mode wherein the demand is far greater than our capacity. Our Orurangabad plant is now fully ramped up and this quarter the Orurangabad plant was positive after interest and depreciation. So that's been quite well before our target for the plant.
Very hard to give you a guidance because things are currently very volatile and things are changing on a monthly basis. If Trump reduces the tariff tomorrow the guidance will change. If it doesn't reduce by 3 months the guidance will change. So it's very very difficult to give a guidance on scaffolding.
We have seen this happening from the August onwards in the US. We have started to see a drop in sales July August onwards in the US and that's lasted till October. So that is going to affect our next quarter Q3.
The slowdown has been very prominent in the month from July till November. Having said that from November onwards we have actually seen a pickup in demand in the US and that's before the trade deal got announced.
We are seeing the contrary [to news articles about real estate inventory build-up]. In terms of new projects launches and new construction it's totally the opposite.
India is still at a relatively immature stage with regards to adoption of these technologies. There are no set standards, no set quality adoptions, so new players are coming in. Over a period of a year or two it's going to get filtered out.