News: BDL has announced preliminary FY25 revenue estimates of around Rs. 3,300 crores, an increase of ~40% YoY from Rs. 2369 crores the previous year. The company reported highest ever exports revenue of Rs.1200 crore as compared to Rs.161 crore for FY24, registering a growth of 640%.
View: Implied revenue growth for Q4FY25 stands at ~Rs.1732 crore (+103% YoY). Order backlog stands at Rs 22700 crores (7x FY25 revenue) as of Mar-25 end provides healthy revenue growth visibility. The order inflow for the year stood at Rs. 6668 crores. Moreover, orders pipeline remains robust considering that contracts worth ~Rs.15000 crore are expected to be placed with the company in the next 2-3 years.
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