BEML

“So looking at the performance of the first quarter, I expect a similar or better growth in the second quarter and the quarters thereafter.”

“So overall CAGR should be I mean for this year, it should be high 20s if all goes well and it should go well because we have the executable orders now”

“the high-speed also we will start delivering during this financial year.”

“it may be hardly INR3 crores-INR4 crores of capex, not more than that.”

“So the day the construction begins, after that 18 months of time, we will be able to roll out the first equipment and the total time which will be required for completing this project will be around 24 months.”

“Bilaspur we are going to create a hub-and-spoke model. Already the construction of the hub is almost ready.”

“Construction is yet to start. We have already completed the boundary wall. We have tendered out the civil part and we will be finalizing it, I think, in next two to three months.”

“So there we are working out the capex and maybe in the next three to four months, we'll work out what kind of capex we'd like to infuse there.”

“No, there is no change in those numbers.”

“The land that we have decided to take on lease will be used for our production activities, some futuristic, some expansion activities as well.”

“the land at Bangalore, we have already started utilizing for the current production of LHB coaches.”

“the Bilaspur plant will be used for our wheeled mining equipment. The trucks, the water sprinklers, motor graders and all.”

“this is the precise reason we decided that let us take these land on lease till at least we start our new production unit at Bhopal”

“We are currently sitting at an order book of around INR16,000 crores, a little more than INR16,000 crores.”

“We are looking at an opportunity size of INR35,000 crores to INR40,000 crores, mainly led by the Metro and the Rail.”

“currently we are L1 around INR900 crores value of tenders.”

“Mysore, we will be utilizing it more for aerospace. Recently we got an order just a couple of days back for the fuselage of Light Combat Helicopter from HAL.”

“It has been cancelled. That is what has come to us.”

“This growth was led by a tremendous turnaround in the Rail and Metro segment which grew by 178%.”

“And mining was muted, it went down by 14%, mainly because some of the projects where we are already L1, the contract finalization has got deferred.”

“And in defense overall, we did a 25% improvement over the first quarter of the last financial year.”

“can expect once the development happens and we go for the bulk production, something sizeable will come in three to five years from these two segments.”

“So rail and metro has grown by 178%, defense has grown by 25% and mining and construction that is the HEMM segment has gone down by 14%.”

“Our mining equipment especially 80% goes to Coal India and its subsidiaries.”

“And in my opinion, the upcoming seven corridors will require at least 600 trains and 600 trains it can open up around 50% of that market for us because I don't think one single company will be able to cater to these many number of trains.”

“But it is in the next 10 years, it's a 10 year pipeline, 10 years to 10 years to 15 year pipeline. But it's a huge opportunity. It's not only about the domestic seven high-speed train corridors, but it also opens up the export market.”

“The first time probably again we have hit a positive EBITDA ever and the overall loss has gone down by almost 50%.”

“You know sustenance has the highest margin and exports follows it very closely.”

“It does not work like that. It is exponential basically. As the speed goes up, it is exponential.”

“The value of production enhancement goes a long way in improving our margins.”

“The overall working capital also has improved and the value added per employee also has gone up by around 8%.”

“it is generally 10% in first quarter, 20% in second, 30% in third quarter, and 40% in fourth quarter. In fact, last year the fourth quarter was almost 45%.”

“Once we do that by second quarter, if we are able to do even 35% of the total revenue planned, it will help us in a big way.”

“So when so much revenue is skewed in the last quarter, then the debtor goes up substantially, correct.”

“If we are able to do around 70% also by the third quarter, then in the final quarter we'll be left with only 30%, correct.”

“At the same time, we are working on arranging the debt finance for this project.”

“we are looking at the Advanced Medium Combat Aircraft where we will be bidding shortly with our partners.”

“it will take us at least three years to develop a Tunnel Boring Machine before that, I mean after which it will go for a bulk production.”

“And again the entire cycle, the process cycle, it will take us at least three to four years. So it is the, I would say nothing in the short term, but yes, medium to long term.”

“We have already started working on the 350 kmph that is the next level that I expect the new corridors to be.”

“Marine engine we are not doing anything currently. We are exploring but nothing concrete has happened till now.”

“My guess is that the losses that we have already booked, it will get mitigated to at least 20%-25% in this financial year and maybe more in the coming years.”

“Since these contracts are in foreign currency, one is a deemed export, so when we took the contract and now when we are executing, when the sales will be realized, there is at least a 50% to 60% improvement in exchange rate variation.”

“So there will not be any impact, but there will be a positive impact once we start realizing the sales for the projects which are in foreign currency.”

“The last quarter has been quite an improvement, probably the best first quarter we have had in the last decade or so with a top line growth of 29%.”

“Now this lease is for, it’s a 99-year lease currently but it will be reviewed after five years or even before that depending on the next course of action that comes out of the current process of BLAL.”

“And as to how much it is ours, it is 100% ours. It is 100% Indian including the IP.”

“So by paying a small lease rental, we will be able to utilize that and produce the equipment and systems from these land and add to the sales revenue and the profitability of the company.”

“So yes, so we will on a quarterly basis, we will put up our presentation, that we will do.”