In This Article:
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Consolidated Revenue: 46% increase in turnover for the 9-month period.
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Revenue Growth: 44% increase compared to the previous year.
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Profit After Tax (PAT): Increased from 9% to 12%.
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Profit Before Tax (PBT): Increased from 11% to 13%.
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EBITDA Margin: Maintained at 17%.
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Gross Margin: Approximately 6,160.
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Product Revenue Share: Water control gates are the major chunk, followed by screening equipment at 20%, and valves.
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Pending Orders: As of February 1st, approximately 933 crores.
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Future Outlook: Targeting 675 crores for the fiscal year 2025.
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New Facilities: Chennai plant to inaugurate in May 2025, SCJ Pur in December 2025, and USA office in February 2026.
Release Date: February 13, 2025
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Positive Points
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Jash Engineering Ltd (NSE:JASH) reported a 44% increase in revenue over the past nine months compared to the previous year.
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The company has seen a significant growth in profit after tax, increasing from 9% to 12%.
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Jash Engineering Ltd (NSE:JASH) is expanding its manufacturing facilities, including a new plant in Chennai and an expansion in Massachusetts, USA.
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The company is targeting a consolidated revenue of 675 crores for the year, with a strong order book position.
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Jash Engineering Ltd (NSE:JASH) is strategically expanding its market presence in the Middle East and UK, with plans to increase sales in these regions.
Negative Points
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The company faces challenges with skilled manpower availability, which could impact operations and profitability.
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There is uncertainty regarding the impact of US tariffs on metals, which could affect the cost structure and profitability.
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The integration of Waterfront is still in progress, and the business is currently operating at a loss.
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The order book has not shown significant growth, raising concerns about sustaining future revenue growth.
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The company is facing competitive pressures in the UK market, particularly in the screens business, where Uber is a major competitor.
Q & A Highlights
Q: What does "reviving" mean in terms of your operations in Austria? A: We are planning to restart operations by taking orders for Maine and B, which is currently a non-operational entity. We aim to revive it by leveraging our existing installations and creating a track record for future orders. There will be no manufacturing facility in Austria; operations will be managed from there, but production will occur in India and the UK. - Bhuvanesh Pandey, COO
Q: How will the 25% tariff on metals impact your business model in the US? A: The tariff will not significantly impact us as we are already manufacturing in the US. We plan to expand our facilities to cater to more local production, aligning with the Build America Buy America Act requirements. This will help us mitigate any potential cost increases due to tariffs. - Bhuvanesh Pandey, COO