• Growth and margins: Year-on-year growth reached 25% with the order backlog up 17%, while recent margin pressure stemmed from rising copper and silver prices, forex volatility, and West Asia disruptions. Management remains focused on maintaining a long-term PAT margin guidance of 12%.
• Order book composition: The order book stands at ₹11,000 crore and is expected to be executed over the next 4 to 5 quarters. Data centers account for 14%, core sectors like metals and mining make up 15%, and the remainder is split across emerging and moderate-growth segments.
• Segment performance: Following the demerger of the robotics business (which represented 4% of revenue), growth is driven primarily by the electrification and motion divisions. These businesses are seeing multi-year demand from data centers, infrastructure, and railway contracts including Vande Bharat trains, locomotives, and metro expansions.
• Input cost management: To counter higher raw material costs and currency depreciation, the company is utilizing supply chain measures such as hedging, localization, and alternate sourcing, alongside passing price increases to customers where market conditions allow.