VLUXE Investments

📡 Astra Microwave Products Ltd targets 15-20% longer-term revenue growth 👉🏻 Order Book: ₹4,708 Cr consolidated; ₹3,937 Cr standalone at September-end. 👉🏻 Fresh Orders: ₹2,036 Cr in Q2 standalone, led by a ₹1,878.8 Cr HAL radar production contract. 👉🏻 Order Mix: Production ₹3,230 Cr (82%); Development ₹287 Cr; AMC/Services ₹251 Cr; Exports ₹169 Cr. 👉🏻 Defence: 82.7% of Q2 standalone revenue; production orders increasingly dominate execution. 👉🏻 Working Capital: Inventory ₹807 Cr versus ₹616 Cr in March; receivables ₹676 Cr. 👉🏻 Borrowings: ~₹486 Cr versus ~₹287 Cr in March. 👉🏻 #Demerger: Proposed separation of Space, Meteorology and Hydrology businesses, subject to requisite approvals. 👉🏻 #Outlook: Management targets 15-20% longer-term revenue growth, with an increasing contribution from complex systems. Overall VLuxe View: Exceptional Q2 profit acceleration and major defence production orders, but negative H1 operating cash flow, inventory accumulation and rising borrowings require attention. #ASTRAMICRO #Defence #Radar #QuarterlyResults

♻️ #POCL: Pondy Oxides and Chemicals Ltd - Copper Growth Offsets Lead Weakness 👉🏻 Lead: H1 production 31,083 MT (−38.4%); sales 31,679 MT (−33.2%), affected by raw-material sourcing disruptions. 👉🏻 Copper: H1 production 5,649 MT (+176.9%); sales 6,040 MT (+191.2%). 👉🏻 Q2 Segments: Lead revenue ₹420.02 Cr (−23.3%); Copper ₹266.24 Cr (+218.5%). 👉🏻 H1 EBITDA/Tonne: Lead ₹18,617; Copper ₹44,536, as disclosed by management. 👉🏻 H1 OCF: +₹299.86 Cr, supported by receivables and inventory reductions. 👉🏻 Borrowings: Reduced to ~₹2.43 Cr from ~₹152 Cr in March. 👉🏻 Copper Expansion: ₹200 Cr investment in 36,000 MTPA copper-cathode facility; Phase-I 18,000 MTPA targeted for December 2026. 👉🏻 FY27 Capex: ₹16 Cr spent in H1; additional ₹164 Cr planned for H2. 👉🏻 Target 2030: Ambitions include 20%+ revenue CAGR, 8%+ EBITDA margins and increased value-added product contribution. Overall View: Strong copper diversification and exceptional working-capital recovery, but sharply lower lead volumes, margin compression and declining PAT make Q2 a weak earnings result. Recovery in lead sourcing and successful copper-cathode commissioning are key monitorables. #POCL #MetalRecycling #Copper #QuarterlyResults

⚡ TD Power Systems Ltd: FY27 Guidance Upgraded 👉🏻 Q2 Orders: ₹822.4 Cr (+57% YoY); 88% from exports including deemed exports. 👉🏻 H1 Orders: ₹1,558.5 Cr (+70% YoY); 90% export-linked. 👉🏻 Order Book: ₹2,318.7 Cr as of September 2026, with 74% from exports including deemed exports. 👉🏻 Major Wins: Global OEM orders for gas-turbine and gas-engine generators, data centres, hydro projects, industrial power and overseas installations. 👉🏻 FY27 #Guidance: Revenue upgraded to ₹2,900-3,000 Cr. 👉🏻 Balance Sheet: ₹288.89 Cr cash equivalents; September-end short-term borrowings nil. 👉🏻 Auditor: Unmodified review with emphasis of matter concerning going-concern uncertainty at a financially small Indian subsidiary. Overall View: Exceptional earnings acceleration with genuine operating-margin expansion, record orders, strong international demand and a major cash-flow recovery. Working-capital sustainability and the subsidiary's going-concern position remain monitorables. #TDPOWERSYS #QuarterlyResults #PowerGeneration #Earnings