{"id":183129,"date":"2026-05-15T07:20:01","date_gmt":"2026-05-15T11:20:01","guid":{"rendered":"https:\/\/alphastreet.com\/india\/gala-precision-engineering-ltd-galaprec-q4-2026-earnings-call-transcript\/"},"modified":"2026-05-15T07:23:31","modified_gmt":"2026-05-15T11:23:31","slug":"gala-precision-engineering-ltd-galaprec-q4-2026-earnings-call-transcript","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/gala-precision-engineering-ltd-galaprec-q4-2026-earnings-call-transcript\/","title":{"rendered":"Gala Precision Engineering Ltd (GALAPREC) Q4 2026 Earnings Call Transcript"},"content":{"rendered":"

Note:<\/strong> This is a preliminary transcript and may contain inaccuracies. It will be updated with a final, fully-reviewed version soon.<\/em><\/p>\n

Gala Precision Engineering Ltd (NSE: GALAPREC) Q4 2026 Earnings Call dated May. 15, 2026<\/span><\/strong><\/p>\n

Corporate Participants:<\/h2>\n

Balkishan Jalan<\/strong> \u2014 Whole Time Director<\/em><\/p>\n

Srinivasan Giridhar<\/strong> \u2014 Chief Financial Officer<\/em><\/p>\n

Analysts:<\/h2>\n

Rohan Bernaval<\/strong> \u2014 Analyst<\/em><\/p>\n

Arpit Jain<\/strong> \u2014 Analyst<\/em><\/p>\n

Unidentified Participant<\/strong><\/p>\n

Presentation:<\/h2>\n

Operator<\/strong><\/p>\n

Ladies and gentlemen, good day and welcome to Gala Precision Engineering Ltd. Q4FY26 earnings conference call hosted by Arihan Capital Markets Ltd. As a reminder, all participant lines will be in the listen only mode and there will be an opportunity for you to ask questions after the presentation concludes. Should any assistance during the conference call please signal an operator by pressing Star then zero on a Touchstone phone. Please note that this conference is being recorded. I now have conference over to Mr.<\/p>\n

Rohan Bernaval from Arihan Capital. Thank you and over to Mr. Rohan.<\/p>\n

Rohan Bernaval<\/strong> \u2014 Analyst<\/em><\/p>\n

Hello and good afternoon to everyone. On behalf of Arian Capital Markets, I thank you all for joining into the Q4 and full year FY26 earnings conference call of Gala Precision Engineering Limited today from the management we have Mr. Balakrishnan Jalan, full time director Mr. Satish Kotwani, full time director Mr. Srinivas Giridhar, CFO. So without any further delay, I will hand over the call to Mr. Balkishan Jalan for the opening remarks. Over to you sir.<\/p>\n

Balkishan Jalan<\/strong> \u2014 Whole Time Director<\/em><\/p>\n

Yeah. Thank you. Good evening everyone and welcome to our earning call to discuss the performance of the fourth quarter and financial year ended 2026. In the interest of some of the people who are new to the company, let me first give a brief overview of the company. Gala Pesin is the preferred manufacturer of the high quality precision components. We saw various sectors like renewable energy, industrial and mobility. Geographically we are diversified across sale in India, Europe and USA. We supply to OEM, Tire One and channel partners.<\/p>\n

We manufacture customized products of over 800 SKUs to serve almost 175 active global customers across 25 countries. Professionalities are fully equipped with advanced technologies and integrated capabilities for design, development and manufacturing of diverse product portfolio. To further strengthen our manufacturing footprint and expand our product offering, we established a new fastener manufacturing facility in Chennai with installed capacity of 4,600 metric ton. The plant is focused on manufacturing high tensile fasteners including Bold complement our existing product portfolio and enhancing our ability to cater to growing customer requirement.<\/p>\n

During FY26 the plant operated at around 35% relation and we expect utilization level to improve meaningfully in FY27. We also commenced phase two CAPEX at Kinnai facility to support future growth opportunities from the revenue mix perspective. For the year, DSS remained our largest contributor at approximately 49% providing a stable base of recurring business. SFs contribute around 34% and continue to be the fastest growing segment driven by strong OEM traction and expanding customer programs. During the year, SFS revenue cross R milestone reaching 108 crore and registered a strong growth of 64% year on year.<\/p>\n

CSS contributed approximately 17% supported by the steady demand across industrial and mobility applications. During the year we successfully entered into offshore wind turbine segment through the development and supply of critical fasteners for global OEMs making an important expansion of our addressable market. We also commenced supply of the high tensile bolt to a global wind OEM in India from our chennai facility during Q4. From an operation perspective, we continue to focus on productivity enhancement and digital transformation initiatives including implementation of IoT solution on the shop floor and commencement of SEP S4 HANA and implementation as part of our broader digitalization journey.<\/p>\n

On a sustainability front, we aligned to our business objective with long term ESG global goals by placing an order of 1.8 megawatt open access solar power plant for capture consumption. With that I will now hand over to our Chief Finance Officer Mr. Girgar who will take you through the financial highlights for the period under review. Thank you, thank you. Welcome to the Earnings Call Today. Let me provide a brief overview of the financial performance for the quarter and financial year ended 2026.<\/p>\n

For a quarter under review, Consolidated revenue from operations stood at around 95 crores reflecting a growth of 26% year on year. EBITDA for the quarter sit around 17 crores up 31% year on year with EBITDA margins at 17.5%. Net profit stood at 12 crores representing a growth of 22% year on year with part margins at 12.9% for the full year. FY26 revenue from operations grouped at 314 crores reflecting a healthy growth of 32% year on year. EBITda for the year stood at 52 crores up 27% year on year with EBITda margins at 16.51%.<\/p>\n

Net profit before exceptional items to the 3024 registering a growth of 35% year on year, part margins at 11.64 and net profit after exceptional items look at 36 crores resulting a growth of 32% year on the part margins at 11.29%. With this, we can now open the floor for Q and A session. Thank you.<\/p>\n

Operator<\/strong><\/p>\n

Thank you very much. We will now begin the question and answer session. Anyone who wishes to ask a question may press star N1 on their restaurant telephone. If you wish to remove yourself from the question queue, you may press star and 2. Participants are requested to use handsets while asking a question. Ladies and gentlemen, we will wait for a moment while the question Queue assembles. We have first question from the line of Lakshmi Narayan KG from Tunga Investment. Please go ahead.<\/p>\n

Balkishan Jalan<\/strong> \u2014 Whole Time Director<\/em><\/p>\n

Yeah, thank you. Just want to understand in terms of wind energy I think we have a strong presence there and I understand that the growth has been very strong. So just want to understand as we look into the forthcoming year what kind of order book we have on that and what kind of revenue visibility as well as the growth visibility we have on the. On the wind energy front.<\/p>\n

Srinivasan Giridhar<\/strong> \u2014 Chief Financial Officer<\/em><\/p>\n

Okay. So for wind energy of course the market situation is positive and because of gala’s strong base in this sector we are seeing good growth in wind Energy. Approximately 60, 65% of our sales is coming from India market and about 30, 35% is export. And as a company we are looking to grow 20, 25% sector in overall revenue term. And in wind also we are looking to grow around 25 to 30% in short term for our partners and spring category.<\/p>\n

Questions and Answers:<\/h2>\n

Balkishan Jalan<\/strong><\/p>\n

Got it. Another question is in terms of your Chennai ramp up. Just want to understand, you know what, what kind of revenue ramp up<\/p>\n

Arpit Jain<\/strong><\/p>\n

We have done in Chennai facility and what, what do you expect that for the forthcoming year?<\/p>\n

Balkishan Jalan<\/strong><\/p>\n

Sure. Yeah. Actually we started the trial run in last year and customer visits audit, all these started in the beginning of the last year and July end we made a once first dispatch to Vista as a PPEP log. And from August we started ramp up. 1 crore, 2 crore, 3 crore, 3 crore, 4 crore and 5 crore. So we reached almost a 5 crore. The phase one capacity of Parma which is approximately 60 crore annually. And now we are seeing the similar run rate as of now we will going to have in April, May, June and finally we started the phase two CapEx which we will be completing by June and July.<\/p>\n

And that again will add another 5 crore per month capacity or annual capacity of additional 60 crore. And the ramp up of that similar fashion we are planning to do in August, September month and this current year we are seeing by 9 or 10 crore we will be reaching in last quarter per month. Then overall capacity, annual capacity is 120crore per annum.<\/p>\n

Arpit Jain<\/strong><\/p>\n

Okay. And. And in Chennai what are the products that we actually manufacture?<\/p>\n

Balkishan Jalan<\/strong><\/p>\n

Yeah, so basically fastening division starts we manufacture and we develop the bolt of from M27 and 32, M72. And that bolt also we got approval from different customer and that product also we started manufacturing there.<\/p>\n

Arpit Jain<\/strong><\/p>\n

Okay. Another question in terms of our growth and I think last time when we spoke you said that there has been additional<\/p>\n

Balkishan Jalan<\/strong><\/p>\n

Stock we need to keep in Chennai. Therefore our cash flows were little constrained in the first half. So just want to understand from a cash flow point of view though we generate a very healthy growth in top line as well as in terms of bottom line. What is your view on higher cash flow? In terms of higher cash flow conversion or because of<\/p>\n

Arpit Jain<\/strong><\/p>\n

Higher inventory which we need to keep and in terms of export this would. This would continue to remain at this level.<\/p>\n

Balkishan Jalan<\/strong><\/p>\n

Basically in Chennai when we are ramping up from 0 to 5 crore or 5 to 10 crore during this period we are saying we will be going to have some additional inventory inch in naive during this ramp up. Otherwise overall inventory level are at 103 days and we think it should not go above 103 days. And we were trying we can reduce this inventory days by some 10 days or so.<\/p>\n

Arpit Jain<\/strong><\/p>\n

Okay. And in general what is how you view this cash flow? It’s a balance between revenue growth and providing inventory as well as managing it. So how are you thinking about, you know, I mean increasing the cash flows to ebitda?<\/p>\n

Balkishan Jalan<\/strong><\/p>\n

We as of now our guidance is we will maintain or we will try to improve by 10% or 10% or so on year on year. Okay. Okay. Thank<\/p>\n

Arpit Jain<\/strong><\/p>\n

You sir.<\/p>\n

Balkishan Jalan<\/strong><\/p>\n

I’ll come back. Yeah,<\/p>\n

Operator<\/strong><\/p>\n

Thank you. Reminder to all the participants that you may press Star ever to ask a question. The next question from the line of Arpit Jain from RRR Investment Advisory Private Limited. Please go ahead.<\/p>\n

Arpit Jain<\/strong><\/p>\n

Hi sir. Thank you for the opportunity. Am I audible?<\/p>\n

Balkishan Jalan<\/strong><\/p>\n

Yeah.<\/p>\n

Arpit Jain<\/strong><\/p>\n

Yeah. So my first question is as in Q3 on call you had mentioned that we are looking for acquiring 5 to 10 acres of land either at VADA plant or for VADA and or any other location. So could you please share an update on whether the land has now been finalized and by when the next expansion can start.<\/p>\n

Balkishan Jalan<\/strong><\/p>\n

A good question Arpit and nice that you remember and this is a good follow up question. The land is one important thing on which we are working very aggressively. We shortlisted few land parcels in Bara and we are in advanced discussion, commercial discussion and with the two or three plot rather than three plots and it’s it may get finalized in a month time parallel in Chennai. We are in touch with the SIPCORD authorities and we are thinking very near future they will be opening some more land parcel in SIPCORD because our preference is to get some land parcel in SIPCORD rather than ownership basis.<\/p>\n

So we are quite close to in closing this land but still not close. That is the fact.<\/p>\n

Arpit Jain<\/strong><\/p>\n

So by we can expect by May and or June<\/p>\n

Balkishan Jalan<\/strong><\/p>\n

At least at least June because land part from park closing then we need to do some due delays and some paper notice and closing the deal at least take a 45 days minimum. So maybe June and every year or maybe July not before June.<\/p>\n

Arpit Jain<\/strong><\/p>\n

Okay. Okay. Understood. And my second question is on Chennai plant as in Q4 I think means we have achieved our monthly run rate of 5 crores per month, right? So when we will means when the phase two will commence. Means our phase two a full facility will get commenced. Then after that. After that also you are saying that 5 crore per month will be achieved from that also, right? So after that once everything will be fully utilized. So we have land in Chennai facility for further expansion. Or we will look into it afterwards.<\/p>\n

So what is the scenario? If current if capacity utilization will peak out then.<\/p>\n

Balkishan Jalan<\/strong><\/p>\n

Yeah. At earlier I mentioned the overall the land parcel what we have we will. We are utilizing the same. And we will be having a maximum capacity of 120 crore annually. And after this expansion we will not left with any land. But as a backup plan we have option to move out the stud facility to any long term lease based facility. And do continue expansion of the bold manufacturing in the current facilities. So that backup plan is there. And as we see the progress we may go with this option for immediate one or two year requirement.<\/p>\n

Arpit Jain<\/strong><\/p>\n

Sir, I missed you. So please can you please repeat the same thing again. So okay. So we don’t have any<\/p>\n

Balkishan Jalan<\/strong><\/p>\n

Land after. Yeah. We don’t have any land after we complete the phase two expansion. That means the 120crore per annum As a backup plan we have in 2627. We are targeting approximately 80 crore something from the Chennai the next to next year. Again we have spoke to achieve 8220 crore from Chennai. This is one second thing for expansion. We are looking for land for otherwise a backup plan. We can have a long lease place there. We can ship the stud manufacturing and we can do in house capacity expansion for the wool manufacturing.<\/p>\n

Arpit Jain<\/strong><\/p>\n

Okay. Okay. Understood. Understood. That’s it. From my side. All the best.<\/p>\n

Operator<\/strong><\/p>\n

Thank you. Reminder to all the participants that you have a star and one to ask a question. The next question from the line of Gujarat Gupta from Navneet Investor Trust. Please go ahead.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

Very good evening. Thank you for the opportunity. I wanted to understand sir. On the WADA utilization. I think we still have some space there to be able to utilize that facility better according to the presentation. So what is the limitation there to be able to achieve optimized utilization if I may ask?<\/p>\n

Balkishan Jalan<\/strong><\/p>\n

Okay. So basically we don’t have additional land there in Varda. We already constructed what is the FSI available? Number two, we have some capacity in terms of plant manufacturing capacity. Again that capacity vary from product to product. So we have some capacity in oil spring division for sale and in this spring we are more or less optimum utilized which is almost 80% approximately. And same is for the fasting division at VADA. Number one. Number two but in again there is always scope two way.<\/p>\n

One is a productivity improvement and second way is some line balancing and adding in some machine or adding some outsourcing option we can free up some capacity. So with combination of this all we are thinking the current year whatever number we are targeting we should be able to optimize our capital utilization in Vara.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

So assuming that you are actually able to grow on your target of 2025% next year even Chennai will get optimally utilized by then. Is that, is that a fair understanding?<\/p>\n

Balkishan Jalan<\/strong><\/p>\n

No, no. For Chennai we are thinking current year. The for first four, five, six months we were going to use more capacity of phase one which is 5 crore per month. And the second half will we start touching 6 7, 89 number per month. Month on month we will be increasing overload and overall we are seeing 80 crore something from Chennai. And by end of the year we will going to have a capacity of 10 crore per month or 120 crore per month. Then we are going to have a spare capacity for next year which is approximately 40 crore plus minus.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

Okay, so it should be good for us till FY28 as well.<\/p>\n

Balkishan Jalan<\/strong><\/p>\n

May not be complete here.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

Yeah, yeah.<\/p>\n

Balkishan Jalan<\/strong><\/p>\n

No may not be the for the complete whole year. That’s why I mentioned that if required we have a backup by the time. So if we able to conclude on some land and<\/p>\n

Unidentified Participant<\/strong><\/p>\n

Yeah so<\/p>\n

Balkishan Jalan<\/strong><\/p>\n

Otherwise yeah we can shift the fastening on the long lease and we can do expansion of bolt manufacturing in house. So that is some backup plan which already there will not miss on any order. That is our strategy.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

Okay. And so this land that we are targeting to get is there a certain kind of a predetermined capex directionally that we have in mind? And also you know how early can we get the facility up and running? If we are able to let say acquire the land over the next couple of months like you are indicating?<\/p>\n

Balkishan Jalan<\/strong><\/p>\n

Correct. So apart from land normally the time horizon is at least six months or something. For getting the initial approval parallel we can start the land development, land filling and boundary work and all for that you don’t need any approval. And complete construction and taking approval take at least a 9 month to 12 months so you can fairly estimate 1 year to 115 months something you can fairly estimate and parallel we are ordering for the plant and other machines the erection of something happening and taking the final approval the 15 months something plus minus three months we have to consider safely and as far as the CAPEX is concerned.<\/p>\n

Yes, we already plan for in our internal budget and considering our internal accrual and the borrowing capability capacity will be funding from our internal accrual and the from the bank borrowing.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

So what’s the total? Sir, if you can give me a sense of the whole capex over these 15 to 18 months on the new plan that we are targeting<\/p>\n

Balkishan Jalan<\/strong><\/p>\n

For the approximately you can say very rough figure that depend upon when we get the land and when we start the complete development of the building and the plant and machinery. For the current year we are seeing approximately 50 crore something we may be able to deploy plus minus depend when we finalize the land or able to start the construction of the building.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

Okay? Okay. And normally<\/p>\n

Balkishan Jalan<\/strong><\/p>\n

The broadly the ratio of sale to turnover we have to keep Approximately direct, direct machine 30% and the other utilities and all something 5 to 10%. So 40%, 35, 40% something which you have to make investment in the CapEx.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

Okay. And on the margin if I may we are almost at a five year low on EBITDA margins at 16 and a half for this year. Is this a combination of the mix? Is it this under utilization at Chennai still? How would you want to really quantify that? Or is it the current inflationary pressure on raw materials?<\/p>\n

Balkishan Jalan<\/strong><\/p>\n

No, basically if you compare that say with last year that ebitda margins is 17.1% or something. The drop is mainly on account of the Forex loss which is almost 1% which is around 3.23 crores that has impacted the EBITDA market. There is not major change in the product mix or in the R and D.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

Okay, and how are we currently being able to deal with the inflation that’s happening in the underlying commodities? Because we must be reasonably impacted. I guess from what we are seeing is that of where we are in terms of impact on margin how much are we absorbing? How much are we able to pass through?<\/p>\n

Balkishan Jalan<\/strong><\/p>\n

So<\/p>\n

Srinivasan Giridhar<\/strong><\/p>\n

Basically raw material is 100% pass through. So and of course currently because of gas and some other issues this process costs have also increased.<\/p>\n

Balkishan Jalan<\/strong><\/p>\n

So<\/p>\n

Srinivasan Giridhar<\/strong><\/p>\n

With the leg effect we are confident to get this price increase from our customer and for which we already started discussion since beginning of April itself. So there will be some leg effect but whatever costs are increasing particularly commodity and some extraordinary impact in gas cost. We will be passing through the same to our customer and get the price division.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

Okay. So there could be quarterly volatility in the pass through. But we are confident of the system accepting it. Eventually<\/p>\n

Srinivasan Giridhar<\/strong><\/p>\n

On the annualized basis, we will definitely see that whatever is being incurred is recovered. Same situation happened at the time of COVID also with the lake effect. We could get all the price increase related to the different cost increases at that time also.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

Absolutely, absolutely. Thank you sir. Thank you. Thank you.<\/p>\n

Srinivasan Giridhar<\/strong><\/p>\n

Thank you.<\/p>\n

Operator<\/strong><\/p>\n

Thank you. Reminder to all the participants that you may press Star and one to ask a question. The next question from the line of Lakshmi Narayan KG from Investment. Please go ahead.<\/p>\n

Balkishan Jalan<\/strong><\/p>\n

Yeah, thanks again. In terms of the different product groups that you should have, is it fair to assume that the SFS has the highest margin followed by CSS and followed by the next one?<\/p>\n

Srinivasan Giridhar<\/strong><\/p>\n

I think on margin front broadly all the products are at the similar profit margin in terms of EBITDA level. I think because all the products like particularly SFS and dss we have exports also domestic customer also in Koala springs. In the past we have done lot of import substitutes. So where also the margins are good. So in general, I think broadly margins are at the same 17 to 19% for all the product groups currently.<\/p>\n

Balkishan Jalan<\/strong><\/p>\n

Okay. And so the growth you have got, is it because you got it from some other competition that you actually got the revenue growth from? Can you just explain how you managed to, you know, good growth for the last two years and I mean how the growth has become. Of course you go deeper into the existing company and also you win new new business from the existing as well as new business or new new clients altogether. Can you just explain me the journey?<\/p>\n

Srinivasan Giridhar<\/strong><\/p>\n

Yes. So I think the growth is combined effect of all the areas which you mentioned. So definitely every year we are seeing at least 10 to 15% growth coming purely from the new customers. So we still have a lot of unexplored and unpotential, sorry potential customers globally. And we are seeing addition of new customers happening for the fastness and spring commodities. Secondly, particularly in partners and in the spring family, we added new products like Galok wedge dock washers in the spring family and bolts and nuts in the fastener family.<\/p>\n

So we are seeing good interaction from the existing customer where we were supplying them the springs or studs. And there is a keen interest on adding new products like bolts and Galok wedge lock washer for this category of products. And of course the organic growth is happening particularly in India, which is also helping us to grow the existing customer, existing parts business. So I think 10% of new customer addition, about 10% to 12% of new parts from existing customer like Boltz or Galoff or even Retractor Spring and organic growth of 5 to 7% happening in the organic business with the existing parts has resulted in this 30% growth last year.<\/p>\n

And same way we continue to focus on business development and increasing wallet share with existing customers to grow 20, 25% in coming years as well.<\/p>\n

Balkishan Jalan<\/strong><\/p>\n

Competition you have either in India or outside<\/p>\n

Srinivasan Giridhar<\/strong><\/p>\n

For which product group<\/p>\n

Balkishan Jalan<\/strong><\/p>\n

For the chs essentially the Spring<\/p>\n

Srinivasan Giridhar<\/strong><\/p>\n

We have maybe two competitors. There’s a Japanese company, NHK Spring which is having manufacturing plant in Aurangabad and Gurgaon. And there’s an Indian company which is having manufacturing plant at multiple locations with major head office in Bangalore. And still there are some imports happening which we are focusing on import substitutes which are mainly happening from European market. Still in the Indian market.<\/p>\n

Balkishan Jalan<\/strong><\/p>\n

Fine. And in terms of, you know, growth. Right. Is there a particular product group you’re actually seeing higher growth among css, SSS which which to grow faster this in the next, you know, one to three years.<\/p>\n

Srinivasan Giridhar<\/strong><\/p>\n

I think in partners we are seeing comparatively larger growth or faster growth compared to DSS and CSS because as the partner market size is really very large, it’s 100 billion market of course at the global level. And Dala is focusing on increasing the addressable market since we started this journey. So with dirt we were addressing approximately 1 billion of the global market in 1 billion US dollars. And now with bolts and nuts we are addressing 2.5 billion of the global market. And our partner range is approximately 100 crores.<\/p>\n

We crossed in FY26. So partners is of course much larger application, much larger value potential for each customer. So compared to DSS and CSS we are seeing faster growth in partners. But at the same time we are seeing really good opportunities in DSS and CSS also to grow in future as well.<\/p>\n

Balkishan Jalan<\/strong><\/p>\n

I think one point that you touched upon is the introduction of new products. Just want to understand at the company level, do you actually track it that we need to. You need to bring out x new products every year, but all the products go through testing etc. So can you. Do you have a number and what is that?<\/p>\n

Srinivasan Giridhar<\/strong><\/p>\n

I think in terms of new products, basically, of course there are two angles to this. One is whatever existing products we have developed, we still have a lot of opportunities to grow, but we are more customer driven. For example, when we started this dirt manufacturing we understood that most of the sturd manufacturer in renewable energy including wind and hydropower segment they are using lot of bolts. And similarly when we were developing our market for starts in industrial application we identified that potential for stirs is very less in the industrial application.<\/p>\n

But their requirement is coming more from the bold side. So based on the customer situation and our market study we are adding new products within the existing family of products. And at the end of the day we are looking every year or every two, three years we have to add some product family in each our product category so that we are increasing the addressable market size. For example this spring is a very niche category of market and addressable global market size is only about 2000 crores. But five years back we added G for which has additional 1,500 of the global market.<\/p>\n

And we are competing mainly with European producers. So we’ll continue this focus of adding new products within the existing product family and see that this growth and higher addressable market objectives are categorized.<\/p>\n

Balkishan Jalan<\/strong><\/p>\n

And do you also have.<\/p>\n

Operator<\/strong><\/p>\n

Sorry for question. Sir, please come in for the follow up question. Reminder to all the participants that you may press star to ask a question. The next question from the line of Arpit Jain from RR Investment Advisory Private limited Please go ahead.<\/p>\n

Arpit Jain<\/strong><\/p>\n

Yeah. Hi. So thanks for giving me opportunity again. So there is one suit file regarding wedge lock washer. So could you please give an update regarding that?<\/p>\n

Balkishan Jalan<\/strong><\/p>\n

Can you repeat the question?<\/p>\n

Arpit Jain<\/strong><\/p>\n

Yeah, so there was suit filed regarding veglock washers.<\/p>\n

Balkishan Jalan<\/strong><\/p>\n

Yeah, yeah. This is regarding the patent question though. No, the. Yeah, the case is still going on still the arguments are not taken place. We’ve been getting only adjustments. The next hearing itself is stated in June only. Not much movement has taken place. Only submissions have been going on. But no arguments have taken place at all.<\/p>\n

Arpit Jain<\/strong><\/p>\n

Okay. Okay. Okay, that’s it. Thank you.<\/p>\n

Operator<\/strong><\/p>\n

Thank you. Reminder to all the participants that you may press star and one to ask a question. The next question from the line of Danesha who is an individual investor. Please go ahead.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

Good evening sir. Congratulations for a good set of numbers. I have few questions to ask. So first is sir, this SFS which is special fastening solutions. A business has crossed 1000 INR million revenue in this year with 64% year on year growth. So just wanted to know sir, what are the key growth drivers expected for this segment over the next two to three years?<\/p>\n

Srinivasan Giridhar<\/strong><\/p>\n

So I think there are two, three growth drivers in FFS business. What is being done? So of course with most of the customers still we have between 10 to 25% market share. And this share of business can be increased to 25 to 30, 35% because they will always keep couple of sources to diversify the supply chain risk because of very large buying. So there’s a still room to grow with the existing customer for existing products. Second important point is we just started plant in Chennai where we are manufacturing high tensile bolts which are also used in wind turbine sector.<\/p>\n

And we started getting approval from the Indian OEM and we started supplying in quarter four. So we just started this journey and we see next two to three years ramp up happening in the bold business growth. And once we stabilize the supply chain in India, we’ll also focus on the global OEM. For Europe and US market we are already supplying that. Third most important is till now our major growth was driven by the renewable energy business. But because of bolts and nuts, we are seeing lot of opportunities within industrial sector where we are seeing opportunities coming from gas turbine sector, we are seeing opportunities in railways, construction equipment, mining equipment and agriculture where we already started the market development and already started getting really interesting inquiries and some orders have been frozen recently.<\/p>\n

So with industrial sector where Dala has very strong track record of customers because of discipline relationship for over 25, 30 years, we are seeing this bold addition as a product will really help us to grow. So I think FFS growth journey definitely will continue at a good pace because of the three reasons mentioned.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

Okay sir, thank you sir. It was a really good answer from you sir. As you said regarding the wind turbine partners, I can see that wind turbine partner supplies have actually commenced on for global OECMs. So just wanted to understand the scale of opportunity which is expected from the offshore wind over the medium term. Medium term for the company.<\/p>\n

Srinivasan Giridhar<\/strong><\/p>\n

Yes. So we just entered offshore last year which is 26 with the global OEM in Europe. And in short term, in two to three years we see short offshore wind partners should contribute about 10% of our partner sales. So that is the visibility as of now we have. But of course we are working internally to add more offshore wind customers and see this business to continue to grow as well.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

Okay sir, noted. One last question sir. Like what is a target export contribution you are expecting for the company over the next two to three years? Currently you are having something around 35%. So like<\/p>\n

Srinivasan Giridhar<\/strong><\/p>\n

Yeah, I think export will continue to be between 35 to 40% of our sale. And depending on the new product addition, new customer edition, this may vary on year on year basis, but broadly this will remain between 35 to 40% of our total sale.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

Okay, okay, got it. Thank you so much sir. All the best. Thank<\/p>\n

Srinivasan Giridhar<\/strong><\/p>\n

You.<\/p>\n

Operator<\/strong><\/p>\n

Thank you. We have next question from the line of Lakshmi Narayan KG from Tunga Investment. Please go ahead.<\/p>\n

Balkishan Jalan<\/strong><\/p>\n

Thanks again. I just want to understand, you know, in terms of metallurgy, do you also do powder metallurgy or. Or<\/p>\n

Unidentified Participant<\/strong><\/p>\n

You do a regular one in terms of. Or do you intend to also drink out?<\/p>\n

Balkishan Jalan<\/strong><\/p>\n

No, to be basically buy material in a sheet coil or wire form or rod form and from there or all the production, manufacturing process start. We don’t use powder metallurgy.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

Okay, okay. That’s also. Thank you.<\/p>\n

Balkishan Jalan<\/strong><\/p>\n

Thank you.<\/p>\n

Operator<\/strong><\/p>\n

Thank you. Next question from the line of Tanya Arora who is an individual investor. Please go ahead. Daniel, Aurora, your line is unmuted. Please ask your question.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

Hello. Hi. Congratulations on your results. Just had a few questions. So the first one is on the hedging policy. So for our euro and USD exposure. So I just wanted to know what percentage of our exports are naturally held and what is the current hedging policy like?<\/p>\n

Balkishan Jalan<\/strong><\/p>\n

Basically for as far as hedging is concerned. Earlier we used to cover 20% of the total estimated export collection. We used to undertake power cover but now we have. There’s been a change in the metrology. We have reduced that to 40% so up to 40% of the total estimated export collection. We are undertaking forward cover. And that is as far as you. This is as for a Euro company, US also we follow the same methodology but we also have. Which has got a natural net. So net of the U US exports and of import.<\/p>\n

We again the policy we follow up to 40% of the total estimated collection means they undertake forward covers which is covering a period of 12 months from now.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

Okay, got it. And so on the recent tariffs changes, have they created any opportunities in terms of exports or any additional customer engagements?<\/p>\n

Srinivasan Giridhar<\/strong><\/p>\n

Okay, you are talking about EU India, FTA or any other tariff.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

Yeah, EU India,<\/p>\n

Srinivasan Giridhar<\/strong><\/p>\n

Yeah. So I think for GALA products which we are exported to Europe, currently 3.7% is the import duty which is paid by our customers. And I think that FTA amount which we implemented in early FY27 or sorry in January 27th and by this implementation the import duty will be zero on our product in Europe. But on other side there’s an impact possible of CBAM on which European countries are working on. So we see this benefit what will come as a FTA will get nullified with this additional cost which our customers have to pay for imports from India.<\/p>\n

But during this process I think there’s a very positive feeling for European countries towards India. So that should definitely help Indian companies including Gala going forward in mid to long term.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

Got it. So. And lastly just on the Chennai plant utilization. So I guess we were at almost 35% for FY26. So do we expect this to move forward to let’s say 70% in this FY27?<\/p>\n

Balkishan Jalan<\/strong><\/p>\n

Yeah. So as I mentioned our overall capacity is going to be 120 crore by year end. And this gradually we will be utilizing the over phase two capacity and hence we are seeing approximately 80 crore. Something will be achieving the manufacturing or sale value in next year which is going to be approximately 67 70% of 120 crore.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

Perfect sir. Thank you. And all the best.<\/p>\n

Balkishan Jalan<\/strong><\/p>\n

Thank you.<\/p>\n

Operator<\/strong><\/p>\n

Thank you. Reminder to all the participants that you press Star event to ask a question. Next question from the line of Rasha who is an individual investor. Please go ahead. Mr. Mr. Rasha, your line is unmuted. Please ask your question. So we didn’t get any response from Mr. From the line of Mr. Raj Rasha. We take the next question from the line of Arpit Jain from RR Investment Advisory Private limited. Please go ahead.<\/p>\n

Arpit Jain<\/strong><\/p>\n

Yeah. Hi. My last question from my side, as you have mentioned in starting of the call that you are looking for two, three plants. Sorry, two, three plots in vada. Right. So that plots will be on lease basis or it will be in the name of means. We will own those plots.<\/p>\n

Balkishan Jalan<\/strong><\/p>\n

Yeah. So basically we’re evaluating which are in the final stage. These are the two slots which are under evaluation. And we will finalize one or two plot depend upon the overall size of the plot which we able to finalize. And these are going to be on our own plot in Bala. Basically there’s a. Industrial plots are there which you can. You can buy from the seller.<\/p>\n

Arpit Jain<\/strong><\/p>\n

Got it. And in Chennai the backup plan we. We will leave if we will need. Yeah.<\/p>\n

Balkishan Jalan<\/strong><\/p>\n

Correct. In Chennai basically the SIPCORD is a very good authority and they provide a very good developed plot with the lot of infrastructure. And there we have a plan to take the SIPCOT long lease plot. Or as a backup plan we can use a already developed plant and building where we can move the stud manufacturing facility.<\/p>\n

Arpit Jain<\/strong><\/p>\n

Okay. Okay. And as our margin saw a bit of dip this year from 17.5 to 16.5 this year. Right. So when can we expect our margins to get back to 18 19% kind of number?<\/p>\n

Balkishan Jalan<\/strong><\/p>\n

Basically this dip, primarily the dip was only because of this forecast of one person which is around 3.23 crore which has impacted the current day’s margin. But going ahead considering there is no further Volatility we expect the margins to stabilize between 17 to 90%<\/p>\n

Arpit Jain<\/strong><\/p>\n

By F. By 27 and. Right. Got it, Got it. Thank you.<\/p>\n

Operator<\/strong><\/p>\n

Thank you. We have next question from the line of Sujal Jain from Walford pms. Please go ahead.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

Yeah, thank you sir. Thank you sir for the opportunity. I just had one question. Did we get any benefit from currency depreciation or any currency impact in our numbers for quarter four?<\/p>\n

Balkishan Jalan<\/strong><\/p>\n

See as I said we normally see a currency where currency depreciation is concerned that we got it. Then benefit of the top line also definitely there is benefit is there. But at the same time it it also because being civil we undertake power also to be resulted in non cash loss. So. But benefit is definitely there in the top line because of that will be difficult.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

Okay, so. So any number that you can share in terms of like the benefit if you can quantify.<\/p>\n

Balkishan Jalan<\/strong><\/p>\n

Right. Have the exact numbers. But I will just answer this in separately. So basically there is a currency depreciation which gives the benefit in the short term. But that again order to order we have to in a mid to long term we to keep reviewing with the customer to other side. There is an inflation and cost increase also like for example diesel got increased or other raw material cost got increased. So there is always a time like gap like a quarter to quarter is very difficult to see if there is a net net profit or loss because of the currency and overall cost.<\/p>\n

But mid to long term we see because we keep on passing the cost to the customer. They also keep on considering the foreign exchange gain or loss also while readjusting the prices net net. We think overall we should be able to pass the cost to the customers.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

Okay. Okay. So got it. Thank you for your answer and all the rest of the future.<\/p>\n

Balkishan Jalan<\/strong><\/p>\n

Thank you.<\/p>\n

Operator<\/strong><\/p>\n

Thank you. As there are no further questions from the participants I now conference over to management for closing comments.<\/p>\n

Balkishan Jalan<\/strong><\/p>\n

Thank you all for participating in this earnings con call. I hope we have been able to answer your questions satisfactorily. If you have any further questions or would like to know more about the company, please reach out to our IR manager, Valeram Advisors. Thank you. Thank you all of you.<\/p>\n

Arpit Jain<\/strong><\/p>\n

Thank<\/p>\n

Balkishan Jalan<\/strong><\/p>\n

You<\/p>\n

Operator<\/strong><\/p>\n

Ladies and gentlemen on behalf of ariane Capital Markets Ltd. That concludes this conference. Thank you for joining us and you may audition. Thank you. Thank you.<\/p>\n","protected":false},"excerpt":{"rendered":"

Note: This is a preliminary transcript and may contain inaccuracies. It will be updated with a final, fully-reviewed version soon. Gala Precision Engineering Ltd (NSE: GALAPREC) Q4 2026 Earnings Call dated May. 15, 2026 Corporate Participants: Balkishan Jalan \u2014 Whole Time Director Srinivasan Giridhar \u2014 Chief Financial Officer Analysts: Rohan Bernaval \u2014 Analyst Arpit Jain […]<\/p>\n","protected":false},"author":2377,"featured_media":147581,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[6349],"tags":[10169,9175,9104,9092,14492,10089],"class_list":["post-183129","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-transcripts","tag-earnings","tag-earnings-call","tag-earnings-conference","tag-earnings-transcripts","tag-financial-results","tag-quarterly-earnings"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/Transcript-thumbnail.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":109778,"url":"https:\/\/alphastreet.com\/india\/infosys-limited-infy-q4-2021-earnings-call\/","url_meta":{"origin":183129,"position":0},"title":"Infosys Limited (INFY) Q4 2021 Earnings Call","author":"Sahil Anand","date":"April 21, 2021","format":false,"excerpt":"Infosys Limited (NYSE: INFY) Q4 2021 earnings call dated\u00a0Apr. 14, 2021 Corporate Participants: Sandeep Mahindroo\u00a0\u2014\u00a0Vice President, Financial Controller & Head \u2013 Investor Relations Salil Parekh\u00a0\u2014\u00a0Chief Executive Officer and Managing Director Pravin Rao\u00a0\u2014\u00a0Chief Operating Officer and Whole-time Director Nilanjan Roy\u00a0\u2014\u00a0Chief Financial Officer Analysts: Ankur Rudra\u00a0\u2014\u00a0JPMorgan \u2014 Analyst Diviya Nagarajan\u00a0\u2014\u00a0UBS \u2014 Analyst\u2026","rel":"","context":"In "Earnings"","block_context":{"text":"Earnings","link":"https:\/\/alphastreet.com\/india\/category\/earnings\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/04\/Infosys-Limited-Q4-2021-Earnings-Call.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/04\/Infosys-Limited-Q4-2021-Earnings-Call.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/04\/Infosys-Limited-Q4-2021-Earnings-Call.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/04\/Infosys-Limited-Q4-2021-Earnings-Call.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/04\/Infosys-Limited-Q4-2021-Earnings-Call.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/04\/Infosys-Limited-Q4-2021-Earnings-Call.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":181549,"url":"https:\/\/alphastreet.com\/india\/jeena-sikho-lifecare-ltd-jsll-q3-2026-earnings-call-transcript\/","url_meta":{"origin":183129,"position":1},"title":"Jeena Sikho Lifecare Ltd (JSLL) Q3 2026 Earnings Call Transcript","author":"News desk","date":"April 8, 2026","format":false,"excerpt":"Jeena Sikho Lifecare Ltd (NSE: JSLL) Q3 2026 Earnings Call dated Feb. 09, 2026 Corporate Participants: Manish Groverji \u2014 Managing Director Nanak Chand \u2014 Chief Financial Officer Analysts: Ranvir Singh \u2014 Analyst Priyanshu Jain \u2014 Analyst Akshay Kaila \u2014 Analyst Abhishek Sengupta \u2014 Analyst Akhilesh Rawat \u2014 Analyst Unidentified Participant\u2026","rel":"","context":"In "Earnings Call Transcripts"","block_context":{"text":"Earnings Call Transcripts","link":"https:\/\/alphastreet.com\/india\/category\/transcripts\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/Transcript-thumbnail.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/Transcript-thumbnail.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/Transcript-thumbnail.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":130756,"url":"https:\/\/alphastreet.com\/india\/united-spirits-limited-q4-fy22-earnings-conference-call-insights\/","url_meta":{"origin":183129,"position":2},"title":"United Spirits Limited Q4 FY22 Earnings Conference Call Insights","author":"Praveen","date":"June 23, 2022","format":false,"excerpt":"https:\/\/youtu.be\/Vvcm7ol3-Ew Key highlights from United Spirits Limited (MCDOWELL-N) Q4 FY22 Earnings Concall \u00a0 Management Update: MCDOWELL-N expects volatility, temporary import supply constraint and inflationary headwinds to remain in short term, putting pressure on its growth and margins. \u00a0 Q&A Highlights: Avi Mehta - Macquarie Group - Analyst EBITDA and working\u2026","rel":"","context":"In "Concall Highlights"","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":176148,"url":"https:\/\/alphastreet.com\/india\/monte-carlo-fashions-ltd-montecarlo-q1-2026-earnings-call-transcript\/","url_meta":{"origin":183129,"position":3},"title":"Monte Carlo Fashions Ltd (MONTECARLO) Q1 2026 Earnings Call Transcript","author":"News desk","date":"January 22, 2026","format":false,"excerpt":"Monte Carlo Fashions Ltd (NSE: MONTECARLO) Q1 2026 Earnings Call dated Aug. 07, 2025 Corporate Participants: Unidentified Speaker Sandeep Jain \u2014 Executive Director Analysts: Unidentified Participant Mohit Dodeja \u2014 Analyst Diwakar Rana: \u2014 Analyst Shivang \u2014 Analyst Arya Patel \u2014 Analyst Presentation: operator Ladies and gentlemen, good day and welcome\u2026","rel":"","context":"In "Earnings Call Transcripts"","block_context":{"text":"Earnings Call Transcripts","link":"https:\/\/alphastreet.com\/india\/category\/transcripts\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/Transcript-thumbnail.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/Transcript-thumbnail.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/Transcript-thumbnail.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":140100,"url":"https:\/\/alphastreet.com\/india\/firstsource-solutions-ltd-fsl-q3-fy23-earnings-concall-transcript\/","url_meta":{"origin":183129,"position":4},"title":"Firstsource Solutions Ltd (FSL) Q3 FY23 Earnings Concall Transcript","author":"IRS_INDIA","date":"February 5, 2023","format":false,"excerpt":"","rel":"","context":"In "Earnings Call Transcripts"","block_context":{"text":"Earnings Call Transcripts","link":"https:\/\/alphastreet.com\/india\/category\/transcripts\/"},"img":{"alt_text":"Earnings Conference Call Transcript","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":130798,"url":"https:\/\/alphastreet.com\/india\/renaissance-global-ltd-q4-fy22-earnings-conference-call-insights\/","url_meta":{"origin":183129,"position":5},"title":"Renaissance Global Ltd Q4 FY22 Earnings Conference Call Insights","author":"Praveen","date":"June 24, 2022","format":false,"excerpt":"https:\/\/youtu.be\/D5a_xmWE2AE Key highlights from Renaissance Global Ltd (RGL) Q4 FY22 Earnings Concall \u00a0 Q&A Highlights: Hitesh Chauhan - H2 Investment \u2013 Analyst China operation update? Sumit Shah \u2013 Chairman RGL tested Enchanted Disney Fine Jewellery program with a key retailer in China. The product did not perform up to expectations\u2026","rel":"","context":"In "Concall Highlights"","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/183129","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/users\/2377"}],"replies":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/comments?post=183129"}],"version-history":[{"count":1,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/183129\/revisions"}],"predecessor-version":[{"id":183132,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/183129\/revisions\/183132"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media\/147581"}],"wp:attachment":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media?parent=183129"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=183129"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=183129"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}