Aashav Patel

Congratulations on a blockbuster set of numbers, sir. This quarterly result actually puts us in a different league altogether. This is the first time we are seeing the full benefit of the integrated business model, which we boast about. So, my question is, sir, regarding the Q2 volume guidance. I agree that we cannot envisage a year out.

Sure, sure. So just to zoom it out and see on a yearly stance. So, I understand that this time around, what we have delivered is absolutely robust 30% operating margin, 35,000 metric ton EBITDA. This is the cyclical pick which we used to do. And this we are able to do when the industry cycle is at median level. This, in fact, reflects our benefit of captive ore.