'
Frontier Springs hosted a
conference call on Nov 7, 2023. In the conference call the company was
represented by Kapil Bhatia, Managing Director.
Key takeaways of the call
In Q2FY24 both core verticals – springs
and Forging – have sustained their momentum, contributing significantly to
performance of the company for the period.
The witnessed this quarter are
indicative of true potential of the business of the company.
Expansion plans of the company are
well underway, and it aim to conclude these enhancements by the end of this
fiscal year.
Currently the company has hammers
of 1 tonne and 3 tonne capacity. Ongoing installation of the 6-tonne hammer at its
facility will augment operational capacity.
The company expect to close FY24
with a revenue of Rs 160 crore and an
EBITDA margin of 15%. For FY25 the company looks at a revenue of Rs 200 crore and
Rs 500 crore by FY27. The c...
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