Annual Performance Highlights FY17-FY22
Management Commentary
GAURAV SARUP
CO-FOUNDER & MD
•
Marshall's Q1FY23 performance was severely
impacted due to a reorganisation exercise of
its two manufacturing units, adjacent to each
other. The Company reorganised its
manufacturing operations to adopt a lean
manufacturing model, improve operational
efficiencies by eliminating unnecessary
movement of goods between the plant and
optimise costs. After the reorganisation, Unit 1
focuses on Machining, Pre-assembly Work
and Painting, and Unit 2 focuses on Assembly
Testing and Dispatch. This exercise lasted
about 45 days, and most of the plant's
workforce was engaged in moving the
machinery and other manufacturing
equipment between the two plants.
Because of this, there were no significant
dispatches during the quarter, and hence
Revenue from Operations was lower. Further,
Q1 usually is a soft quarter for the Company,
and a considerable part of the business is
typically executed in the second half of the
financial year.
.
.
The Company has a good outlook for
automation projects, as clients are
increasingly scouting and opting for
automated machine cells to improve their
production efficiency. As a result, the
Company expects an increase in the share of
automated business within the revenue mix.
Coming quarters should see an improvement
on both the top line and bottom line front,
supported by a healthy order book.
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MARSHALL MACHINES LIMITEDView entire presentation