K.P Energy FY'25 Q3 earnings notes - Q4 results will be better than Q3 12-20 months for any order to complete. 2GW order (3350Cr)will complete within 1.5 yrs. 200cr already recognized in Q3 from the above order. OPM Margins will be same. Future revenue on QoQ and YoY will continue. Order book pipeline for 3GW (Private sector) have been bid and under negotiations. We expect to receive confirmation on these in next 3-6months. Order conversion ratio is very high in case of private which is 80-90% Revenue recognition happens based on milestones and not on MW basis. 6.5-7Cr O&M revenue expected in FY'26 Demand is very high for Wind energy. Very less competition seen. No penalty for 30MW order for delay. We are on track on revised timelines for all order execution in pipeline. 6-9 months in Public sector for order to close No timeline in Private sector. Most orders received from Private sector. We may look for funds raising for IPP scale up next year.