Punit Kurana
Managing Director
Notable Quotes
We delivered a strong performance in Q3 FY26 with a notable improvement in profitability driven by improved realization, favorable product mix and continued focus on cost discipline.
We have approved an capex of USD 5.5 million in our wholly owned subsidiary CPI industries to enhance manufacturing capabilities with a focus on larger diameters and type four cylinders.
This capacity expansion is exactly as per the customer contract. So we expect that about additional 100 crores should be added to the top line once this expansion is complete in FY28.
The CNG segment in India was impacted by BS6 transition in the end user automotive industry which led to a short-term softness in volumes. This has since normalized.
About 12 to 14% that will be the EBITDA margins.
We are quite confident that we have a strong case. We hopefully things should be okay.
We continue to have a road map focusing on new products in the cylinder business only at the present. We're not going anything outside the product line of the company and the core core business of the company at the moment.