Thanks for the opportunity and congrats for a strong set of numbers. Sir, my first question on that demand scenario on the Mexican business. So, just wanted to understand how much the volume growth, YoY and on QoQ basis in Mexico and what are the levers for the business growth over there?
So, in Mexican business, how much is the contribution of the export right now?
Thanks for opportunity and congrats for decent set of numbers sir. Sir, my first question on the Tornel. So, if you see that Mex ican Peso has appreciated versus INR on a quarter -on-quarter basis, that is 9% up from 3.94 to 4.28. Despite that, we have seen a quarter-to-quarter degrowth of 11%. And now the Mexican P eso has recovered to the 4.44. So, in this case, what is our revenue guidance for the next two to three quarters on a quarterly basis? Because in this quarter, we understand that because of the uncertainty, there was some issues. But going ahead, what will happen when there is appreciation of the Mexican peso versus rupee?
So Mexican peso has already appreciated 12%, 13% in the last 2 months. So in this case, once that quarterly revenue of the Mexico has gone down to the INR450 crores versus that INR600 crores. So can we expect that there will be a revenue growth of 15% to 20% in the next year from the Mexico?
Thanks for the opportunity. Sir, in this quarter, we have seen a very significant increase in the RM cost despite a small increase in the overall RM basket. So, I just wanted to understand what is the reason of this much of increase - is there any high cost of inventory which is likely to go down in the coming quarter? And the second is that the replacement volume was much better than the OEMs in this quarter despite we have seen a contraction in the margin. So, if you can throw some color on it?
But in our numbers, basically we see that there is a n impact of 320 b ps on the quarter -on-quarter basis on the RM cost. That is much higher than the increase in the RM basket. So, just wanted to understand, is it because of the higher cost of inventory that was lying at the company or something else?
Congrats for a strong set of numbers, sir. Sir, in Industrial and Engineering segment, we have seen a very sharp jump in EBIT margin. So, just wanted to understand is it sus tainable? And are we looking some improvement on the business and on the top line and the margin side, sir?
Okay, sir. Got it. Sir, my next question on the operating margin side. From last 2 quarters, we have seen that operating margin is hovering around 15% to 15.3%. So, just wanted to understand what would be the margin level in quarter 4 and in FY '27? As you said that this quarter margin also impacted because of the addition of the new plants and that impacted to some extent the aluminium margin. So if we take the FY '27 number, what kind of the margin expansion we can build in our model?
Congrats for the decent set of numbers despite a lot of challenges. Sir, in this quarter, we have seen a significant growth on numbers like other expenditure and the employee cost. So, if you can throw some light, what is the extraordinary expenditures in this quarter or one-off in the consol year?
So, is there any legal and consultant charges in this quarter because of the acquisition of the 3 companies in other expenditures, sir?
Sir, are you facing any supply issues on the critical materials of antimony from China, which can hurt the productions in the coming quarter? Is there any supply constraint also because of the regulate -- change in the regulation or anything?
Okay. And sir, in this quarter, we have seen a sharp jump in the purchase of the traded goods items. So what was the reason or will it reduce going ahead?
In lithium-ion batteries you have mentioned that the CapEx would be around INR24 billion for the next 2 years. So just wanted to understand, is it for the 2.5 gigawatt or it is for the 4 gigawatt initial phase?
Okay. So when it will be commissioned the first phase of 2 to 2.5 gigawatt?
Congrats for a strong set of numbers. Sir, mix in the 2 -wheeler segment is including for the inverted forks & traditional forks (27:00) -- so, how do you see the revenue growth over there the next two years?
And how much the difference in the price realization?
Congrats for a strong set of numbers. Sir, my first question on the industry growth in the affordable housing segment. So, what is your expectation for FY26 and we have seen that many financial institutions are increasing their presence into this space. So how do you see competition over there?
What is your current market share in this space? And how do you see the market share going ahead?
Thanks for opportunity. Sir, Maruti is coming with a new EV model Vitara, so how much share of business in this model and how much increasing content for vehicles versus ICE?
So, what are the parts you will supply in the EV segment apart from the ICE products?
Congrats for a strong set of numbers. Sir, the credit cost has increased in this quarter. So what is the outlook for the credit cost for the coming quarters and FY '26?
So how is the current outlook, especially on the delinquency side? Basically, we have seen that a lot of the stress (on the low-ticket items. So how is the current outlook in terms of the asset quality in the housing finance company?
Thanks for opportunity. Sir, what was the revenue of Escorts Kubota India Private Limited and Kubota Agriculture Machinery Private Limited in first quarter FY '25?
Hello. So sir, as you mentioned that the first quarter revenue from both revenue was around INR 500 crores. Last year, it was around INR 2,000 crores. So can we expect that the revenue growth would be in line with the industry growth of around 5% to 6% in this year? And the second that what kind of the margin improvement we can see over there?
Sir, if you can give some colors on the revenue of Escorts Kubota India Private Limited and Kubota Agriculture Machinery Private. Limited. in FY '24?
Are you able to hear me?
Congrats for a strong set of numbers. Sir, in the Vision Systems growth Y -on-Y is 16% but EBITDA margin remain flat at 10.3%. So, what is the outlook ahead on the margin side and the top line growth?
So sir, in last year, in FY’24, there was also impact because of the labour strikes in the U.S. So most of this will not impact in this year. So most of the margin will improve further from 10.3% to 10.8% or 11%?