• Margin guidance: EBITDA margins are expected to remain within the guided 23% to 25% range, as raw material cost increases are structurally passed on to customers with a lag.
• Denso joint ventures: The company signed agreements to form two JVs with Denso for two-wheeler, three-wheeler, and high-voltage four-wheeler EV traction motors and controllers, initially targeting the Indian market with room for global expansion.
• Robotics and AI: The newly formed fourth vertical, Robotics and Physical AI, has built an order book of about ₹800 crore—including ₹600 crore won in the quarter—with execution commencing in the current financial year.
• Long-term revenue target: Management aims to achieve 10x revenue growth over the next 10 years (roughly a 25% CAGR), supported by the electrification theme, inorganic M&A, railways, and robotics.