Supply of 33/11 kV Power Transformers & RMUs (48 units)

Profit bridge — financing lens

Expected operating profit before financing

₹3.43 Cr9.0%

= gross profit to date ₹2.28 Cr + remaining work ₹12.80 Cr × planned 9% margin

Borrowing interest & fees incurred Realised

−₹24.3 L

Forecast borrowing interest to repayment Forecast

−₹11.3 L

Revised profit after financing

₹3.07 Cr8.1%

Illustrative collection loss Illustrative

−₹15.2 L

Probability-weighted penalties & write-offs Illustrative

₹0

Profit after illustrative losses Illustrative

₹2.92 Cr7.7%

The baseline margin already includes direct costs (materials, subcontract, site payroll, equipment). It excludes financing, head-office overheads and company term-loan interest, so the deductions above are not double counted. Retention is timing, not cost.

• Financing lens: Falls below the 8% target if collections slip 23 more days (largest bill then arrives 27 Jan 2027). Breaks even: not within 3 years of further delay.
• Opportunity lens: Falls below the 8% target if collections slip 88 more days (largest bill then arrives 2 Apr 2027). Breaks even if collections slip 818 more days (largest bill then arrives 1 Apr 2029).