Azad Engineering Limited CC-Nov25.pdf · 2025-11-03
So, first of all, congratulations for a good set of numbers and sustained good performance. A couple of questions from my side. The first one is on -- if I look at the gross margin, so consumption expenses as a percentage of revenue have been going down quarter -on-quarter, year-on-year. In prepared remarks, you have mentioned that due to the efficient cost, I mean, negotiations and domestic suppliers, this ha s gone down. So just wanted to understand, a, if you can explain a little bit more on domestic sourcing and price negotiation. Also, how much of it is sustainable? I mean, whether we will see it further going down or this is pretty much at the level that we are seeing now? So that is my first question.
Okay. Just a follow-up on this. Now since we are also seeing some of the companies coming up with aerospace-grade titanium and they are also getting qualified or in the process of getting qualified with the same set of suppliers. So do we expect that in ae rospace as well due to the indigenous procurement, we can see this further coming down in future?