GP Eco Solutions India Ltd — Q4 FY26

GP Eco Solutions India Ltd Q4 FY2025-26 Earnings Conference Call https://www.youtube.com/watch?v=rjnkudxblI0 Published: 5 days ago

0:01 1 second So this is an uh investor call for GPO solutions India Limited. Uh an investor call for financial year 202526. So good 0:09 9 seconds evening ladies and gentlemen. Welcome to GPO solutions India limited annual investor call for financial year 202526. 0:17 17 seconds I am Deepak Pande managing director of the company and joining me today is our promoter along with my promoter Mr. Aikitraati. 0:25 25 seconds On behalf of the entire GPO family, I would like to sincerely thank all of our stakeholders, investors, analysts, 0:32 32 seconds banking partners, customers, and stakeholders for joining us today. We deeply appreciate your time, your trust, 0:40 40 seconds and your continued belief in what we are building through VPO solutions, our flagship brand, Envir and our APC 0:48 48 seconds subsidiary, GPS Green Project Private Limited. So today we will take through take you through the key milestone achieved during financial year 202526 0:57 57 seconds our financial performances the what the numbers signifies for our future and our growth strategy and the outlook on 1:04 1 minute, 4 seconds financial year 2627 and beyond. So for the financial year 2526 has been a transformational year for our organization. 1:13 1 minute, 13 seconds It marks the beginning of it marks the beginning of our journey towards becoming a fully truly self-reliant and an integrated clean energy company. 1:22 1 minute, 22 seconds During the year, we laid the foundation of our state-of-the-art facility gigafactory at Dashna uh Uttar Pradesh which has successfully commissioned and 1:30 1 minute, 30 seconds commenced commercial operations on 30th May 2026 this year. This milestone presents much more than a commissioning 1:39 1 minute, 39 seconds of a manufacturing facility. It symbolizes our commitment to India's energy independence and our ambition to 1:46 1 minute, 46 seconds create globally competitive clean energy technologies from Indian soil. 1:52 1 minute, 52 seconds So we are proud to uh proud of what our team has achieved and more importantly we believe the most exciting phase of our journey is still lying ahead. 2:02 2 minutes, 2 seconds So our uh the the before discussing our performance I would like to begin with our purpose because everything else follows from it. 2:16 2 minutes, 16 seconds India uh India is on the cusp of the largest energy transformation in the history in its history. The government of India has set an ambitious target of 2:25 2 minutes, 25 seconds 500 gawatt of renewable energy capacity by 2030. Solar deployment is accelerating rapidly across residential, 2:32 2 minutes, 32 seconds commercial, industrial and utility scale segments. However, renewable energy without storage is incomplete energy. 2:40 2 minutes, 40 seconds This is precisely where GPO solutions and invergy are positioned. So our vision is very clear to become an 2:47 2 minutes, 47 seconds India's leading indigenous fra man manufacturer of clean energy storage and power conversion solutions serving every 2:55 2 minutes, 55 seconds segment from home to businesses to large utility scale power infrastructures and the mission which we are taking forward 3:03 3 minutes, 3 seconds is to deliver a world-class battery energy storage solutions and a PV inverter technology manufactured in India creating a energy resilience 3:12 3 minutes, 12 seconds employment opportunities and technology leaders leadership and export potential for the nation. 3:18 3 minutes, 18 seconds We do not aspire to merely be a manufacturing company. We aspire to be an energy security company. And in 3:26 3 minutes, 26 seconds financial year 2020 2526 has demonstrated that we now possesses the product, the manufacturing capability, the certifications and the people required to deliver that vision. 3:37 3 minutes, 37 seconds So uh taking these things forward as I have already narrated the first and the foremost significant thing which we have 3:44 3 minutes, 44 seconds uh which which has been the landmark thing for GTO solution 2526 is the laying the foundation of Gigafactory at Dasa Uttar Pradesh. 3:55 3 minutes, 55 seconds uh this is not the small factory in making this is the worldass uh factory as I have already uh discussed uh state-of-the-art manufacturing facility 4:03 4 minutes, 3 seconds designed and built to complete uh to compete with the best in the world and it will be the India's answer to global 4:10 4 minutes, 10 seconds best manufacturing and it's uh and it is ours second we launched our full best portfolio battery energy storage 4:18 4 minutes, 18 seconds portfolio under inje from residential units starting from 5 kilowatt hour all the to the internalized utility scale 4:26 4 minutes, 26 seconds segment to 5 megawatt hour. We now have a complete certified bankable best range in the market. 4:34 4 minutes, 34 seconds Third, we won the real business. This year we secured more than 12 project project orders including few CNI scale 4:41 4 minutes, 41 seconds and one utility scale based projects to totaling to 58 megawatt. This is not a small number. This is significant market 4:49 4 minutes, 49 seconds validation. Fourth, we achieved the BIS and IC certifications. 4:55 4 minutes, 55 seconds Some we have received and some are in in by next month we'll be receiving it. So which means our product are fully compliant, grid ready and bankable for 5:04 5 minutes, 4 seconds institutional project finances. Fifth, we supplied India's first making India 1.0 06 megawatt hour indigenous utility 5:12 5 minutes, 12 seconds scale best container and executed India's biggest single side 8 megawatt rooftop SPV plant at Ludhana through our 5:20 5 minutes, 20 seconds G Ludhana Punjab through our subsidiary company GPS green project private limited sixth we are closed 5:29 5 minutes, 29 seconds we have closed this year with a confirmed cumulative order pipeline of approximate for the EPC segment approximately 250 crores right now with 5:36 5 minutes, 36 seconds a best order of 300 uh crores and an inverter inverter segment of 70 crores plus and this uh the complete year is uh 5:45 5 minutes, 45 seconds lying ahead to achieve our uh milestones this year. So before moving ahead I would just like to uh uh introduce the 5:53 5 minutes, 53 seconds invery port product portfolio uh with uh all of you. So let me talk about what we sell the inje 6:01 6 minutes, 1 second is not a single product it is a complete clean energy stack. Today we have three best product uh best product lines. 6:08 6 minutes, 8 seconds Inveri homes, Invergy homes caters the residential 5 kowatt to 30 kow of hour of systems with the LFP chemistry. And 6:16 6 minutes, 16 seconds then we have an commercial segment. We have inveri pro that is our CNI range 50 kow to 2 megawatt hour in the container 6:24 6 minutes, 24 seconds race format. And then the energy grid that is our utility scale that is from 3 megawatt hour to 5 megawatt hour that 6:30 6 minutes, 30 seconds that and this is the product for disform and large uh renewable developers. 6:40 6 minutes, 40 seconds This is the product that wins us the big contracts. And for the financial 2627, the invergy expanded its product range 6:47 6 minutes, 47 seconds from P uh product range by introducing PV string inverters from 3 kow residential inverters all the way to our 6:54 6 minutes, 54 seconds flagship 350 kW small utility string inverter uh applic 7:01 7 minutes, 1 second utility scale applications. This range will complete our portfolio and make us amongst the one of the India company 7:08 7 minutes, 8 seconds able to offer customer both their storage and power conversions from one manufacturer, one brand, one warranty 7:14 7 minutes, 14 seconds and one service network. And the 350 kowatt string inverter launch is a strategic milestone. It puts us in a 7:22 7 minutes, 22 seconds segment where the market is massive and import currently dominates. 7:29 7 minutes, 29 seconds Now coming to the financial report card for financial year at 2526 which has already been published and it is in with 7:35 7 minutes, 35 seconds the uh exchange and in the public the we have in we have as per the informations 7:44 7 minutes, 44 seconds and guidance given in the last uh investor call we we have your company has been able to achieve 3 to 4x of growth which is which was one of the 7:52 7 minutes, 52 seconds commitments which we have given earlier and we have fulfilled this year. So uh in this commitment and in this uh 8:00 8 minutes achievement the revenue mix from the three verticals revenue streams of our company of your company is uh I will 8:06 8 minutes, 6 seconds just give you an input that uh the 8:09 8 minutes, 9 seconds [clears throat] 8:11 8 minutes, 11 seconds uh the 31% is from the manufacturing uh against the last year 17% which was contributing from the manufacturing uh 8:19 8 minutes, 19 seconds 20 242 then against the more uh distribution uh this year it is 53% % which is reduced 8:26 8 minutes, 26 seconds from 76% which was earlier in 202425 and from the EPC vertical that is GPS green projects 8:35 8 minutes, 35 seconds it this year the contribution is approximately 16% which has increased from 7% from 202425 8:42 8 minutes, 42 seconds so the uh so taking the uh guidance for 2026 27 revenue model the we will be having a revenue uh growth of 8:51 8 minutes, 51 seconds approximately 2 to 3x and uh PBT uh growth of again 2 to 3x which will increase our IITA margin by 8 9:00 9 minutes to 10%. From the existing 202526 in this the revenue mix will again in change and this will help us increasing 9:08 9 minutes, 8 seconds the profitability of the company and contributing to the revenue of the company. So GPCO as a distribution company will the contribution will get 9:15 9 minutes, 15 seconds reduced and it will be uh 13% approximately and inje uh in inje 9:23 9 minutes, 23 seconds production uh production will be approximately 53%. And from GPS green projects we'll be contributing somewhere around 33%. So this is the indicative 9:31 9 minutes, 31 seconds revenue mix which you'll be having this year. So for the growth uh growth strategy revenue scaling 9:40 9 minutes, 40 seconds re how this revenue will be uh achieved that guidance we are just uh giving you. 9:45 9 minutes, 45 seconds So we launched our full base portfolio under inje from residential unit starting from 5 kilowatt hour all the way to containerized utility scale. So 9:53 9 minutes, 53 seconds this with a certific which have a complete certified bankable best range in the market. So that is going to increase our revenue in the 10:02 10 minutes, 2 seconds invery. We launched our full PV string inverter portfolio under Invergy brand from residential 1.5 kilowatt all the 10:09 10 minutes, 9 seconds way to 350 kowatt inverters and that has a again a very big market and that is going to increase our revenue and the profitability of the company. 10:19 10 minutes, 19 seconds Then the landmark utility scale EPC contracts which we are already uh in pipeline and we have uh a few of the 10:26 10 minutes, 26 seconds projects are under execution and under completion. So that is again going to enhance our profitability in the company and increase the portfolio of the 10:33 10 minutes, 33 seconds company. Then the revenue contribution from our own uh projects uh under our IP as an IP from Kusum and solar parts 10:42 10 minutes, 42 seconds which will be commissioned from somewhere around September 26. So that will also start contributing to the revenue of the company. So taking taking 10:51 10 minutes, 51 seconds this forward how this how the market is supporting our ambitious targets. So if 10:58 10 minutes, 58 seconds we talk about the market, the market we are operating is in is quite simply enormous and the Indian government has a 11:05 11 minutes, 5 seconds 500 gawatt energy renewable target by 2030 and the the PV solar PV alone is a 11:13 11 minutes, 13 seconds 350 gawatt pipeline. Every megawatt of solar needs inverters and a growing proportion needs storage. So best market 11:20 11 minutes, 20 seconds in India projects to reach somewhere around 2.6 six lakh crores uh contributing to 47 to 61 gawatt hour uh 11:29 11 minutes, 29 seconds by 2030 for the for the context we are currently addressing less than.1% of the market the runaway ahead is an extraord 11:38 11 minutes, 38 seconds for us is extraordinary what makes GP ecosolution a unique uniquely positioned we are one of the India's company 11:45 11 minutes, 45 seconds offering best and PV inverters under single brand and that is significant step and our customer, developers, 11:54 11 minutes, 54 seconds biscoms, CNI buyers can come to our uh to our company and get a complete solution that simply files the 12:02 12 minutes, 2 seconds procurement and reduces counterparty risks and build deep customer relations and that this all is going to happen from our gigafactory which which we have 12:10 12 minutes, 10 seconds started and commissioned in uh in the first place from uh at DASA. 12:17 12 minutes, 17 seconds So let me close the presentation section with six reasons why we believe in GPO solutions uh and represents a compelling 12:24 12 minutes, 24 seconds compelling trust to be born in us. One first more advantage we are one of the few Indian companies with both best and 12:31 12 minutes, 31 seconds TV inverter under single brand that position uh that positioning is hard to replicate quickly. Second, a real asset 12:40 12 minutes, 40 seconds approximately 200 crores has been will be invested in Dasna Gigafactory and that asset is pro going to provide is 12:48 12 minutes, 48 seconds producing a revenue. Now the hard part the capex is behind us. 12:54 12 minutes, 54 seconds Third policy tailwinds that are structur structural with MNI 500 gawatt target best mandates Indian policies India's 13:03 13 minutes, 3 seconds policy environment has never been more favorable for what we have we do right now fourth our BIS and IC certifications 13:12 13 minutes, 12 seconds are not cosmetic they open the door for to disarm tenders and government projects and institutional project finances 13:20 13 minutes, 20 seconds it is a 3x to 4x deployment scale in one year is not just a growth story. It is an operational proof point. Sixth, with 13:28 13 minutes, 28 seconds a global vision. We are not building a domestic uh we are not building a domestic only company. India India's clean energy manufacturing capability 13:36 13 minutes, 36 seconds with Inverji as its face will serve the world. 13:41 13 minutes, 41 seconds So ladies and gentlemen, we uh we start this journey with a simple belief that India should manufacture its own clean 13:48 13 minutes, 48 seconds energy future not uh imported. So financial year 2526 proved we can build the factory, the product, the team, the 13:57 13 minutes, 57 seconds certification and the customers. In 20 26 27 we will prove we can scale revenue installations and the invergy product 14:05 14 minutes, 5 seconds not spanning only India rather presence can be felt globally. So we are grateful for your support. We are we are clear on 14:14 14 minutes, 14 seconds our direction and we are hungry to deliver. GPO with its flagship brand Invi is moving forward with a 14:21 14 minutes, 21 seconds determination to power India's clean energy future. Finally, thank you all for your patience, hearing and showing your belief, trust, confidence in us. 14:32 14 minutes, 32 seconds Thank you. 15:46 15 minutes, 46 seconds So I would just address uh my extreme apologies for uh joining the presentation 5 minutes late and uh uh 15:55 15 minutes, 55 seconds our sincere regrets are there for this uh to all the participants and stakeholders shareholders who are there. 16:09 16 minutes, 9 seconds Hi everyone. Uh myself Astraati. Uh just want to request if there's any question from anyone. Uh our IR team I think 16:23 16 minutes, 23 seconds uh participants are requested to raise their hand for their questions. Also one can request their questions in the question box. Okay. Hello. 16:31 16 minutes, 31 seconds Hello. 16:32 16 minutes, 32 seconds Yeah, I have a question like like as you are entering in the utility inverter 16:40 16 minutes, 40 seconds sectors. So what are the differentiating factor from your competitors? 16:45 16 minutes, 45 seconds So the first differentiating factor that we are going to manufacture uh make in India product and we are going getting 16:52 16 minutes, 52 seconds it uh more than 50% content locally by December uh this year 26. Secondly, we 16:59 16 minutes, 59 seconds have a strong service network which has already been uh placed o over last 10 years into the market. So that is one of 17:06 17 minutes, 6 seconds the biggest uh support and the systems because our team is already prepared with the with our distribution network of Sunrow and other inverters which we 17:14 17 minutes, 14 seconds have been distributing from last 15 years. Okay. Okay. Thank you so much. 17:21 17 minutes, 21 seconds Thank you. Thank you. 17:25 17 minutes, 25 seconds Thank you. So uh just a quick reminder to everyone if you have a question please raise your hand using the reactions tab also one can request the questions in the question box. 17:35 17 minutes, 35 seconds Next we have Raa Shivaso. So kindly unmute and introduce yourself. 17:57 17 minutes, 57 seconds Hello. Hello. Uh yeah. Am I audible? Yeah, you're audible. 18:03 18 minutes, 3 seconds Yeah. Yeah. Uh so so congratulations for the amazing set of results. First of all, thank you so much. I've I've gone 18:10 18 minutes, 10 seconds through your results. Uh and I have a question on the uh I just have one question on the working capital side. Uh 18:17 18 minutes, 17 seconds so uh your receivable days uh have gone from 95 in FI25 to 172. Uh and even your 18:26 18 minutes, 26 seconds inventory days uh have gone from 27 to 63. Uh so just uh wanted to know how are 18:34 18 minutes, 34 seconds we going to mitigate this? How uh are you working on it? Uh can you throw some light on it? 18:40 18 minutes, 40 seconds Yeah. So uh these uh this numbers which you have mentioned sir that has been already being worked out and uh we are 18:48 18 minutes, 48 seconds right now operating with our approximately 40 partners and that will be increased to 60 uh this approximately 75 to 80 partners by September and we 18:57 18 minutes, 57 seconds have created a uh system for channel financing to them and uh so that the cooling period for this the dution of 19:06 19 minutes, 6 seconds the fund lying with them reduces and the channel financing company will take care of that fund and our partners will become independent instead of taking 19:13 19 minutes, 13 seconds credits from the company as a manufacturer they will start taking the credits from their own uh funding institutions and we are assisting in 19:20 19 minutes, 20 seconds that in that to them. So this will uh get this uh uh timeline on a shorter note. 19:30 19 minutes, 30 seconds Okay. Okay. 19:31 19 minutes, 31 seconds And and help the and help our partners to increase their sales also. So the re the rotation of the product will also 19:38 19 minutes, 38 seconds start uh taking getting quick. So that will again help in the uh stock line uh stock holding period. 19:49 19 minutes, 49 seconds Got it. Got it. Yeah. Yeah. This was helpful. Uh thank you. Uh and all the best for you guys. Thank you so much. 19:57 19 minutes, 57 seconds Thank you sir. 19:58 19 minutes, 58 seconds Thank you. Uh just a quick reminder to everyone if you have a question please raise your hand using the reactions tab. 20:04 20 minutes, 4 seconds Also one can request their questions in the question box. Next we have uh Miss Anjela. 20:13 20 minutes, 13 seconds Kindly unmute and introduce yourself. 20:16 20 minutes, 16 seconds Hi I am one of the investor in the company. So I just wanted to know uh about this Gigafactory. So we have 20:23 20 minutes, 23 seconds announced and launched. So the question is just simple by when we will be at full capacity load. So when we say 3 20:31 20 minutes, 31 seconds gawatt hours when by when it will be achieved or by when it will be activated. 20:38 20 minutes, 38 seconds So thank thank you D for this uh for your question and uh the the first phase of the factory has already been launched 20:46 20 minutes, 46 seconds and it has been commissioned uh by this 15th of June itself and uh the second phase will be commissioned by 30th of September. So we will be having the 20:54 20 minutes, 54 seconds full-fledged 3 G fac of the factory by 30th September this year itself 2026. 21:06 21 minutes, 6 seconds This is quite aggressive. Uh thank you for the information. Uh thank you. Wish you good luck. And we have we already working on that. 21:13 21 minutes, 13 seconds So some few of the machines for the containerized solutions was ending. So that is just on the way. So by next month we'll be receiving those uh 21:21 21 minutes, 21 seconds machines and then 30 days of this testing period will be there and then because the kind of pipeline which we already have with us so that requires 21:29 21 minutes, 29 seconds this aggressive uh move by us is clear. Good luck. Thank you. Thank you. 21:38 21 minutes, 38 seconds Thank you. Uh just a quick reminder to everyone if you have a question please raise your hand using the reactions tab. 21:43 21 minutes, 43 seconds Also one can request the questions in the question box. 21:47 21 minutes, 47 seconds Next we have Miss Riasha. Ma'am kindly unmute and introduce yourself. 22:13 22 minutes, 13 seconds Hi please ask a question. 22:23 22 minutes, 23 seconds Hello. Hello Miss Via. 22:27 22 minutes, 27 seconds I think there's some communication uh network challenge challenges. So I I just want I just want to take a question from the message box. 22:35 22 minutes, 35 seconds There's a question from Adita Palwani regarding in the last call we had given a guidance for 7 k revenue which is missed and what are the reasons for it? 22:46 22 minutes, 46 seconds So uh so G thank you for asking this question and I would like to clarify this. The guidance was for approximately 22:53 22 minutes, 53 seconds 550 to 600 CR in the last uh call but due to the uh policy changes in the and 23:03 23 minutes, 3 seconds the government challenges the projects which were scheduled to be commissioned in financial year 2020 20 256 was 23:11 23 minutes, 11 seconds postponed to financial year 26 27 and that has dropped our uh revenue or top line of the company but with the mix of 23:20 23 minutes, 20 seconds products which we are doing we have been able to maintain the PBD of the company growth of 3 to 4x which we have guided in the last uh uh call. 23:30 23 minutes, 30 seconds So because of the you you must be aware that the the the war conditions and all those things have reduced has increased the raw material cost and all those 23:39 23 minutes, 39 seconds things was there in the system and because of which the project costs have gone drastically up because of which all the most of the developers have 23:47 23 minutes, 47 seconds postponed their projects for the next financial year to get this uh uh uh the 23:54 23 minutes, 54 seconds the increase in the raw material cost to get settled by next year and then they will execute that. So that is why the systems was uh uh revenue or topline was not achieved of 500 to 600. 24:15 24 minutes, 15 seconds Okay. 24:19 24 minutes, 19 seconds Next question comes from uh Mr. Anur Sabloo. So kindly unmute and introduce us. 24:26 24 minutes, 26 seconds Hi very good afternoon. Excellent deliberation by Deep G and Astik G and covering the various macros and the micros about the company and the solar 24:34 24 minutes, 34 seconds ecosystem and uh thanks for the invite the other day when I visited your factory. It was a huge setup must say that and really congratulations to both 24:42 24 minutes, 42 seconds of you and the entire company. So I have just a very simple and a basic question in terms of out of just curiosity this invery how does you like how would you 24:50 24 minutes, 50 seconds differentiate this with the various BESS players? So best is something which actually is in the news. So how would we differentiate Inverji with the best players now? 24:59 24 minutes, 59 seconds So uh thank you Anko G and uh thanks once again from the company side for the gratitude which you expressed for the factory and everything. So I will be 25:08 25 minutes, 8 seconds coming to your question. I would just like to take up this question as uh we being the one of the few best genuine 25:16 25 minutes, 16 seconds best manufacturers in India because if you see the current status of all the best companies which are coming up and the mushroom growth is in the in the 25:23 25 minutes, 23 seconds industry is popping up you will see most of the or more than 90% of companies are getting the systems imported from China 25:30 25 minutes, 30 seconds taking the orders and getting the systems made and designed and uh getting done from the technology partners and then import it and and supply it. So 25:39 25 minutes, 39 seconds there it is merely a trading instead of a manufacturer wherein we have placed our company as an uh company which 25:46 25 minutes, 46 seconds conceptualizes the design which uh implements that procure that and then assembles it in our factory. So the 25:54 25 minutes, 54 seconds complete ecosystem which we are following as a manufacturer very few companies in India is following this and with this we have an advantage that we 26:03 26 minutes, 3 seconds know in and out of this complete system which we are supplying to the market and the challenges which are going to be there into the systems we can handle 26:10 26 minutes, 10 seconds those challenges in a very shorter time and with this gigafactory we are able to uh get the cost competitive to the China 26:20 26 minutes, 20 seconds China product so that because of which we have standardized and the product line as an international product uh international standards. So that is why 26:29 26 minutes, 29 seconds we where first we are competing with international prices uh of our best container. Secondly, we are able to give this shortest possible services. Third, 26:38 26 minutes, 38 seconds we we are we are able to design and customize because best is all about customization. It is not a standard product. It is a customized product into 26:45 26 minutes, 45 seconds the market. So we are able to handle more masses uh against the standard product line which are ready readily available across the globe and the manufacturers are getting that in India. 26:56 26 minutes, 56 seconds Oh wonderful wonderful good to hear that sir. All the very very best. Thank you very much. Thank you so much sir. Yeah. 27:05 27 minutes, 5 seconds Thank you. Uh next we have Miss Dra. Ma'am kindly and introduce yourself. Hello. Yeah. Hi. 27:13 27 minutes, 13 seconds Yeah. Am I audible sir? Yeah. Hi sir. 27:16 27 minutes, 16 seconds Yeah. Yeah. Thank you so much sir for this opportunity. Couple of questions sir from my side. Firstly sir so PPD we mentioned that we're planning to uh 27:24 27 minutes, 24 seconds increase the revenue by 3x considering F26 as a base. So we're targeting approximately 1200 CR. 27:31 27 minutes, 31 seconds You can just uh get that number from that 3x. 27:34 27 minutes, 34 seconds Yeah. So that that's what so because the last time also when we spoke you targeting 700 to 750 CR. 27:40 27 minutes, 40 seconds No no I I have corrected that number. It was always targeted to 550 to 600 CR but due to the this international market 27:50 27 minutes, 50 seconds scenarios and the Indian uh uh this policy challenges the system the prices of the raw material got increased and 27:57 27 minutes, 57 seconds that's why the projects got shifted which was supposed to be commissioned in 202 March 2026 that got shifted to 28:04 28 minutes, 4 seconds financial year 27 and that is got uh that is why the our revenue top line has restricted to 418 uh cr 14 CR. 28:13 28 minutes, 13 seconds So huh. [clears throat] So will it be possible for you to quantify the amount of revenue that has got in efforts? 28:18 28 minutes, 18 seconds Approximately uh 200 CR approximately 150 to 200 CR 150 to 200 CR, right? 28:28 28 minutes, 28 seconds Yeah. 28:29 28 minutes, 29 seconds Okay. So we are fairly confident given the current situation for this 3x. 28:34 28 minutes, 34 seconds Yeah, we are because uh the the onset and the policy requirements and the government being so aggressive on the make in India concept the now the people 28:42 28 minutes, 42 seconds have been uh the this thought has been percolated and settled in every developers mind that the how the the cost of the best is increasing every day 28:50 28 minutes, 50 seconds and if they don't take actions today their cost of because they have already taken the tenders and their cost of best ownership will increase and that will 28:59 28 minutes, 59 seconds reduce their ROIs so there is an rush in the industry for getting the order placed and get the implementations done and because their timelines are also uh 29:07 29 minutes, 7 seconds near to the closures. So the best is a one of the systems which is going to be more uh uh uh contributing factor for us also and to the market also. 29:18 29 minutes, 18 seconds Okay. 29:19 29 minutes, 19 seconds And we are we are at the right time. We are on the onset of this requirement. We are ready with our gigafactory. 29:26 29 minutes, 26 seconds So sir, how has Q1 been so far for us? 29:28 29 minutes, 28 seconds And just in the sense of seasonality how how will how will you see revenues for the first half versus the second half? 29:34 29 minutes, 34 seconds So uh revenue in the first half will be one of the lowest one of the lowest uh in our revenue mix and uh by the 29:41 29 minutes, 41 seconds September you will see a substantial numbers uh which will be getting posted with the orders uh sharing to the exchange. So from there you can just get the numbers. 29:52 29 minutes, 52 seconds So so this so this first half of 26 will at least be better than the first half of the previous year or it will be lower than that as well. 29:59 29 minutes, 59 seconds No definitely I think uh in the last year if you know the market scenario unrest on the worst side and there was 30:05 30 minutes, 5 seconds different scenarios. So as of now see we cannot comment on the exact numbers on the same side but yes of course uh in in 30:12 30 minutes, 12 seconds this I mean here we are I mean if you have seen our presentation in the last year also you can seen that I mean I 30:20 30 minutes, 20 seconds mean that pat we have mentioned that it will be 3 to 4x and definitely we have achieved that. So see you are taking the numbers. So I just want to mention that 30:28 30 minutes, 28 seconds it's al also like a margins as well we have achieved. So in this year definitely we will do that. I don't know I I'm not able to comment on the 30:36 30 minutes, 36 seconds particularly the quarter wise thing but definitely half yearly would give you the I mean exact idea about the company's uh progress. 30:45 30 minutes, 45 seconds Okay. Okay. And so what is the current order book right now? 30:48 30 minutes, 48 seconds So as of now I think there are many many orders in the pipelines 30:55 30 minutes, 55 seconds because of the BS VSSS factory. Apart from this we have I mean a huge uh order 31:02 31 minutes, 2 seconds pipeline for the inverter segment in the utility and the I mean the in the residential series as well. 31:09 31 minutes, 9 seconds No no I was I'm not asking about the pipeline. I was asking about the current order book the confirmed order book that the orders that we have in hand right now. 31:15 31 minutes, 15 seconds See the current orders if you talk about the current orders are all in discussions and on final stages the moment it gets finalized it will be 31:23 31 minutes, 23 seconds posted and uh you will get to know that that's why Mr. A has told you you will get the exact guidance on 30th September 31:31 31 minutes, 31 seconds how we are moving towards the this year existing targets and the expectations which we are keeping with the company. 31:39 31 minutes, 39 seconds Okay. Okay. And so for this uh F27 was of KEX are we looking at? 31:44 31 minutes, 44 seconds So for the capeex part we we have been uh somewhere around uh 150 cr plus for this year. 31:52 31 minutes, 52 seconds Yeah. 31:53 31 minutes, 53 seconds So so this 3 gawatt will be commercialized by September and I think by f28 we're targeting 5 gawatt capacity right. So when do we expect that to come 32:02 32 minutes, 2 seconds online exactly? Then by we will just start things working based on the performance and uh based on the uh order 32:09 32 minutes, 9 seconds recruits uh with us in this year we will start uh working uh for the expansion of this line and uh taking it to 5 gawatt 32:18 32 minutes, 18 seconds by 2027 28 and what will be the peak revenue potential for this 5 gawatt? 32:25 32 minutes, 25 seconds So peak revenue it will be somewhere around uh it will not be less than uh numbers um it will be very uh 32:33 32 minutes, 33 seconds challenging for me but uh somewhere around 1.5 to2 Gawatt of supplies in 2027 28 based on the uh legacy which 32:41 32 minutes, 41 seconds we'll be creating this year. Uh so we are expecting that numbers to be there. Uh so 2 G of orders can be there. 32:50 32 minutes, 50 seconds And what is the realization for this best facility per realization as in 32:57 32 minutes, 57 seconds per kilow but it is dynamic. It is because the raw material cost increases and uh uh 33:05 33 minutes, 5 seconds sometime it goes down dollar price is increasing. There are so many factors. 33:09 33 minutes, 9 seconds So based on the raw material and the basic infrastructure cost which we are incurring that cost varies. So it is not 33:16 33 minutes, 16 seconds specific basically right now but the cost variation in the market is from 1 cr to 1 cr 1 1.5 crores per megawatt hour. 33:26 33 minutes, 26 seconds Okay. Okay. So just my last query was again would like to request miss back since we are limited time from management. 33:35 33 minutes, 35 seconds Uh next question comes from Abishek Awad. Uh so kindly unmute and introduce yourself. Uh yeah. Hi am I audible? 33:44 33 minutes, 44 seconds Yeah. 33:45 33 minutes, 45 seconds Yeah. Deep gi uh congratulations on inauguration of the new facility and thank you for thank you for taking my question. Uh my question is basically uh 33:54 33 minutes, 54 seconds on the you know kind of orders that we are expecting and on the partnership that we were discussing earlier on our you know uh earlier calls. So we were 34:02 34 minutes, 2 seconds also expecting orders from Oriana and you know a few clients maybe from uh you know Europe and Africa. So what is the status on that? And also on the inverter 34:11 34 minutes, 11 seconds front I mean we were looking to sell uh I mean 200 250 crores of inverters last year. Uh so what is the kind of guidance that we have for this year? 34:22 34 minutes, 22 seconds If you see uh you mentioned Oriana and the other companies Oriana being having the one of the top three companies uh to have the biggest order books. So that 34:31 34 minutes, 31 seconds are one of the like likely are like likely to be our customers but the best orders are uh in a huge quantities with 34:38 34 minutes, 38 seconds the huge number of uh uh this companies are there and we are approaching all those companies uh as a manufacturer and we are the we are only one of the few 34:47 34 minutes, 47 seconds companies in India to have making India best. So that is why the best orders are been in pipeline and discussions with the most of the top-notch companies are 34:55 34 minutes, 55 seconds there. uh as we have already told you I mean in the earlier questions and I think uh I think this should be suffice you know please take the next question. 35:06 35 minutes, 6 seconds Yeah sure. Um on the next question uh my question was more on the uh you know EPC uh side of the business and also on the 35:13 35 minutes, 13 seconds solar module front. What are we doing with the solar module capacity that we were also looking to set up and what kind of EPC orders are we expecting more 35:22 35 minutes, 22 seconds on the uh will there be more orders on the BSS side or you know also on the solar module EPC uh kind of a business? 35:30 35 minutes, 30 seconds I just want to this as we have dropped this manufacturing of this uh I mean uh solar panel as of now because we have 35:39 35 minutes, 39 seconds fully engaged in the BESS and the our subsidiary is also doing the EPC segments. So as of now there the same plan has been postponed for now because 35:48 35 minutes, 48 seconds we are fully focused on the BSS and the other division like our own inverter and EPCS. 35:56 35 minutes, 56 seconds Yeah sure that helps. Makes sense. Sure. 35:59 35 minutes, 59 seconds No problem. Thank you so much and wish you all the very best. Thank you. 36:04 36 minutes, 4 seconds Thank you. Uh as there are no further questions we would now like the management to give the closing remarks. 36:16 36 minutes, 16 seconds So thank you so much. Uh actually yeah please. 36:20 36 minutes, 20 seconds So thank you all for your uh time and your thoughtful questions today. 36:24 36 minutes, 24 seconds Financial year 26 has been a defining year for uh GPO solutions and the journey ahead is even more exciting. We 36:32 36 minutes, 32 seconds look forward to updating you on our progress on time to time basis and uh we remain committed to delivering 36:41 36 minutes, 41 seconds long-term sustainable values to all our stakeholders. Uh so thank you so much for uh your patience hearing and uh 36:48 36 minutes, 48 seconds listening and trusting us and trusting in the company. Thank you so much. 36:55 36 minutes, 55 seconds Thank you for joining GPOS solutions India Limited H2 and FI26 conference call hosted by confidly partners.