Vilas Transcore Limited — PPTs, 12-11-2024: Investor Presentation

**Financial Highlights:** Vilas Transcore Limited reported a revenue from operations of ₹1,624 million for H1FY25, up 4% YoY. EBITDA rose by 38% YoY to ₹229 million, translating to an EBITDA margin of 13.7%, up from 10.3%. The company's PAT reached ₹143 million, reflecting a significant 28% YoY increase and a PAT margin of 8.6%. Return on equity (ROE) stood at 14.46%, showcasing robust profitability despite previous IPO costs.

**Strategic Initiatives and Growth Drivers:** The company is in the process of tripling its capacity from 12,000 MTPA to 36,000 MTPA, aiming for completion by FY25. This expansion is essential to meet the rising demand in the Power & Energy sector. New product offerings, including radiators and nanocrystalline cores, are expected to enhance its portfolio and meet client expectations.

**Business Developments:** Vilas has increased its supplier base to mitigate production risks linked to CRGO steel shortages. This initiative is critical for maintaining operational continuity and efficiency.

**Market Position and Competitive Advantage:** Operating at high capacity utilization (~90%), Vilas holds a market share of around 4%. The upcoming capacity expansion and new product introductions position the company for competitive growth within the transformer ancillary component market.

**Investor Implications:** The company's proactive expansion strategy and strong financial performance suggest a positive outlook, with anticipated topline growth of 15-20% in the latter half of the fiscal, driven by demand and operational enhancements. Investors should monitor the progress of capacity expansion and the integration of new product lines as potential growth catalysts.