So, my first question is about the expansion in Changodar and Moraiya . I believe it has got delayed further by 1 quarter, now that we are seeing the first quarter. And on that note, given the order book, shouldn't we be able to execute the entire order book in one year, I mean, FY '27, given our now expanded capacity by them?
So, current order book is again about 18 months of execution time…
Sir, wanted to understand what is now if you can give us some co lor on the TAM offers like where -- which transformers level we are at and that capacity what is the TAM growing at? And export any scenario or any color if you can fetch and after this tariff how difficult or any challenge we will face or not?
Capacity of transformers we are in, in that, what is -- how is the macro scenario looking at? How is the market looking at and what kind of growth you are looking and also in the export point?
Sir, on the consultancy order that we won, the large order, what is our timeline of execution for that? On the whole overall order book, how do you take it on the margin front, and the execution timeline for the whole order book as well?
I will join back in the queue.
Hi ma'am. How will you look up the HHP sales growth from here? If you can give some color, and probably take out our numbers . And what leads to your marg in expectations being stable and sustainable at this level?
Ma'am, how do we look at the HHP numbers from here? What sort of growth should we take? And how are we building our foray in the market?
Hi ma'am. How will you look up the HHP sales growth from here? If you can give some color, and probably take out our numbers . And what leads to your marg in expectations being stable and sustainable at this level?
Ma'am, how do we look at the HHP numbers from here? What sort of growth should we take? And how are we building our foray in the market?
Sir, congratulations on the good set of numbers. Sir, my first question on the -- if you can give us a little picture on the x of acquisition, Syrma, where does the growth lies in which segment? And what are the TAM are we looking for and the growth avenues for Syrma itself apart from the acquisitions that we have done?
Right, sir. Sir, you mentioned about auto and industrial segment to take a lead in our growth. Where do you see the growth coming from in terms of the pipeline of new customers or new products? How is that pipeline shaping up and inquiries?
Sir, a little follow-up on the previous question. When you say about auto and industrial growing at 40%, that sort of order which we have, I want to know, sir, what sort of products are we adding new products? Are we adding new customers in this vertical? And if you can give a little broader picture, where is the market size and how much of we can do in a little longer period of time?
Sir, also, how much is our ODM content at the moment? And for our capacity, how much of an utilization space-wise or assembly line-wise, how much capacity has been utilized till now?
Based on your guidance of 13% to 15% on consumer durables, where do we see our PCBA and especially PCBA, which is about 56% as you said, where do you see this revenue for this year?
Okay. And sir, we have been quite a few quarters, we have been saying that Sidwal and Railway division should double, whereas we haven't seen that traction yet. When do we start having that large chunk of orders or execution for the year going forward?
Sir, my first question is on the Ceramics. How do we look at it in a little long-term growth? We had good run until now and its kind of supporting the other segments. So from here onwards, even beyond, let's say, '26, FY '27, '28, how is the market turning up for us? How is the newer product doing? And how do you see the growth sustaining?
So until now we had about 20%, 22% sort of growth in Ceramics. Can we take this number going forward? Do we have that conviction here?
Good morning, sir. Sir, my first question under industry, given that new cell capacities are also on the line, and how do you see the operational capacities, efficiency, as well as the quality compared to the Tier 1 and the Tier 2 players in this? And do we see any shift or preference to Tier 1 main cell as ours?
Can this be interpreted to smaller players sticking only to rooftop demand while the utility scales IPP then? C&I customers will go for the Tier 1 with a large capacity and operation and execution?
Sir, can you give us a hint on what's our DCR content this time and how are we going to ramp up or where do we see the mix going forward? And also, sir, on the capacity that is coming on the cells in the industry and our long-term strategy to, say, right now we are enjoying high DCR prices. Now when the capacity comes, what's our view and strategy on that?
Yes, sir. So DCR mix this time. Where are we at how much mix? And going forward, where do you see that ramping up and how fast ramping up?
Sir, my first question on the, if you can give some light on the price realization that is going on currently and what sort of spread are we making in the different categories? And over the long term, sir, where do we see the capacity of cell coming and how do we see the price movement in the next 3 to 4 years?
Okay, sir. Thank you, sir. I'll turn back in the queue.
Sir, on the first half operating cash flow turned may be negative and lower from last year, how do we see that or how do we read that basically?
Sir, our operating cash flow turned negative this time and quite steep, sharp decline. How do we read that?
Hi sir, congratulations on a great set of numbers. Sir, if you can give a light on how the realization trend has been, given now we are also moving towards ALCM, how the realization are you seeing right now, both on your cell and module, and a little touch on how it will af fect our margins moving forward?
Okay. And ma'am, if you can also touch upon spread on the DCR, non-DCR and export?
Sir, with the process of now delay in Sanand plant, where our EHV and MHV as well as LT cables, where do we see the mix in the next 2 years? And sir, beyond that, what sort of demand are you sustaining? What 's your probable growth or what a re you seeing in the demand sustaining?
And sir, capacity mix after the Sanand plant and what sort of revenue are we from the Sanand plant, what sort of revenue are we expecting FY '26 and '27, given the delay?
Sir, for Industrial Infra segment, you mentioned about this FGD in Namami Gange expiring in FY '26. So what's the kind of growth after FY '26 we have equally compensating pipeline and the order win and new product offerings in that? That is my first question, sir.
Sir, just to clarify on this, we will maintain the run rate of this…
Sir, you mentioned about Industrial Infra, TBWES doing good while some FGD orders are still there. How do we see the revenue mix in the segment coming forward? And also for Industrial Products, you said something about slowing down in Q1 and stabilising. Do we see the growth rate stabilising and coming down in Industrial Products as well?
Sir, my first question on the -- what's our target on the double-stack portion? And on the DFC on the Eastern front also, are we looking any double-stack introduction over there? And also on the EXIM margin, I missed on that front, how do we see the EXIM margin from here onwards?
Hi, sir. Sir, first question is on the camera and module that you're talking about. You said about component Q3FY'26, the trial should start. Is it going to be camera and display module both? And what is the bill of material are we looking in this overall and what kind of volume should we start with? We have a relation with all the brands. How the process takes place and expand overall? That is all, sir.
Okay, sir. And sir, 2 million units display. And how do we set this process , if you can explain how the customer engage, what's the timeline, and when can we ramp up to our, let's say, mobile volumes, should we in the long run see both in tandem?
Sir, my question is on the semicon segment that we have taken out separately. How do we see going forward, what sort of expenses will we book on this segment? And when should we expect revenue coming?
Okay. And sir, next question is on the motor side. Now you mentioned about muted IIP data and IEEMA data as well. How do we see it going forward? Do we see a little flattish growth on this side? Or have we increased our capacity as well as capability to gain a higher market share and grow more than the market in there?