The company reported revenues of ₹6,460 crore which was 11.3 per cent year-onyear (Y-o-Y) growth led by energy (12.4 per cent Y-o-Y to 2,080 crore) and mobility segments (23.9 per cent Y-o-Y to ₹880 crore).
Gross margins improved 300 basis points Y-o-Y, but it fell 100 basis points quarter-on-quarter (Q-o-Q) to 32.4 per cent while operating profit margins jumped 120 basis points Q-o-Qand 240 basis points Y-o-Y to 14.5 per cent and operating profit grew 34 per cent Y-o-Y to ₹940 crore.
Net profit grew 45 per cent Y-o-Yto ₹830 crore. Fresh orders grew 37 per cent Y-o-Y to ₹6,200 crore with a backlog of ₹46,800 crore-plus. Capex was hiked by ₹100 crore for large reactors, in addition to ₹360 crore announced in November 2023 for increasing transformer capacity.
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