Highlights of the call:

In September 2015 quarter the company achieved net sales grew 1% to Rs 511.56 crore. OP grew 23% to Rs 59.13 crore and PAT was up 66% to Rs 15.35 crore.

LT Power sale is Rs 238 crore

EHV power cable sale is Rs 41 crore

House wire sale is 93 crore.

Industrial wires sale is Rs 23 crore.

For the six months net sales grew 26% to Rs 1130.00 crore. OP grew 32% to Rs 113.88 crore and PAT was up 111% to Rs 27.07 crore.

Cable division volume grew impressively. Its standalone cable business volume growth is 25%. The company managed to grow value sales of 12% despite 10-12% reduction in raw material price.

In six months exports sales grew 40% net sales was Rs 97 crore against Rs 69 crore.

Dealer market retail sale grew 10-12% and is in excess of Rs 300 crore. In volume terms it grew more than 20%.

The company did substantial brand building exercise and will continue to do so.

EPC sales more than doubled to Rs 153 crore against Rs 76 crore (apart from cables).

EPC business has order book of Rs 800 crore.

Recently, the company has won 2 contracts for substation.

The company is also L1 in another 200 worth of EPC contract which are likely to be awarded in Nov December.

HVCL also grew well.

Low tension and light tension sales grew 15% in six months despite 10-12 fall in average raw material cost.

Few orders for extra HVC are expected in next few months. It is L1 in another 90 crore worth of tender.

The company is doubling capacity of EHVC and enhancing capability up to 400 kv range Capex for this is Rs 65 crore. This will come on stream in Sept 2016. The market of 400 kv cables is Rs 500 crore.

Margins of 400 kv cables is around 5% more than 240 kv cables.

The company will spend Rs 10 crore for its Silvasa plant.

In its turkey segment, the company's sales were exceptionally high by 80%.. In Turnkey project the company expects sales of Rs 400 crore in FY 2016.

The company is working hard to improve its pre qualification in different segments.

In turnkey business the company is currently present in UP and MP.

The company has not suffered any inventory losses.

The company has a network of 800 dealers currently. And March by 2016 it expect to reach 1000 dealers. Dealers usually take 60 months to show their impact on the financials.

The company is hopeful to achieve 20-22% growth in sales in FY 2016 in value despite fall in prices.

OPM is guided to be around 10%+ and the company will aim to do better.

In FY 2017 it hopes to achieve sales growth of 20%.

Total order book is Rs 1900 crore.