• Q1 Financial Performance: Revenue grew 19%, PBT increased 41%, and PAT rose 51%, driven by a 45% growth and a 2% margin improvement in the RAC segment, while engineering projects experienced revenue degrowth.
• Commercial Refrigeration Recovery: After a subdued first quarter due to steep price hikes being passed on to customers, the category saw improved traction in July and August, with a steady recovery expected from Q2 onwards.
• Compressor JV Timeline: Commercial production from the compressor manufacturing joint venture is about 18 months away and is intended to safeguard supply chain security and support the company's 17.4% RAC market share amid import restrictions.
• Voltbek Profitability Outlook: Voltbek delivered record sales and achieved market shares of 9.4% in washing machines and 7.4% in refrigerators, with EBITDA break-even targeted for the next financial year.
• Projects Business Strategy: The company is focusing its domestic MEP business on high-growth, fast-track opportunities by deploying specialized teams dedicated to data centers and advanced manufacturing segments like electronics and semiconductors.