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Mayur Uniquoters conducted conference call on 11 August 2023 to discuss the financial results and performance of the company for the quarter ended June 2023. Mr. Suresh Kumar Poddar - Chairman & Managing Director and Mr. Vinod Kumar Sharma – CFO of the company addressed the call
Highlights of the Concall
- The company endeavor is to make the company a preferred supplier for the leading OEMs, especially in U.S. and European regions.
- Export market has a little bit down this quarter. It was 5.7 lakh meters in Q1FY24 compared to 7.65 lakh meters in Q4FY23.
- The company expects automotive export to go very high because it has got so many new orders of the new models. It expect automotive exports to jump from Rs 157 crore in FY23 to Rs 225 crore in FY24. In FY25 it expects automotive export at Rs 400 crore. Further it expects automotive exports to grow 2.5 times from FY23 to Rs 575-600 crore in FY26 based on current oredrs received.
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