Ashish Kar
Managing Director
Notable Quotes
Profitability growth outpaced the revenue growth with PAT increasing to 22.3% year-on-year. This was driven by robust value added as reflected in higher gross margin and operational efficiencies.
We have visibility of new and incremental peak annual business of approximately 800 crores expected to commence from FI27 onwards which will scale up over the next two to three years.
On the CV side there are excess inventories which are in place. So the flow of new businesses on the CV side is very less post this correction probably we'll have to see because definitely there'll be shift from China and we can see more opportunity on the CV side as well.