You commented that mid-teen growth in unit revenue in the first quarter. That makes a fairly high number. So purely in qualitative terms, where do you think the demand is, how elastic it is because a mid-teen number would be a very high PRASK yield in 1Q? So, do you think it starts impacting or when does it start impacting the absolute demand?
Got it. And the impact on demand, if any?
First question would be on the yield trends or the passenger unit revenue (PRASK) trends, which you said there could be a bit of moderation in third quarter. Any specific reason for that because the market share is fairly strong. So, is it a manifestatio n of some decline in demand? Or what could be the reasons for that? That would be the first question.
Staying on revenue, there was a sharp increase in the ancillary income, again, quarter -on-quarter basis because this is ideally a relatively weaker quarter. Any specific reason for that?
Speaking to these one -offs, if you could just give some idea of the quantum of the one -offs, because there is a substantial reduction and helps the profits, so, if you could give what would be the one-off exceptions in both these line items?
So, roughly around Rs.300 crores would be the one-off?
Good morning sir, thanks for taking my question. It's a sizable capex that you are planning, ₹1,500 crores. Just to understand the entire money would be only for FY '27. Is that the correct understanding?
Okay. And sir, if you could also share the aspiration for PAM revenue since you're targeting a second global parts center. Roughly, you've got some target in mind that it should be x percentage of vehicle sales. That would be great just to understand what the target is. And if EV volumes grow significantly, given the capacity expansion, could it impact margins at least over the near te rm? Or as you said, PLI would more than offset this? So these 2 questions, PAM revenue target and the impact on margins?
Thank you for taking my question. On the lithium -ion business, have you seen any revenue commitment over the past few months given the trial supplies have started or are supposed to start? So, when should the companies actually start seeing revenue accrued from the lithium-ion business and versus the plans, say, when you launched in 2022? I remember you had said around 27 to 30 months is the time it takes for operationalization. Where are you in that plan right now in lithium-ion business?
Got it, sir. So, it will still be some time before there is any significant revenue recognition from the cell plant.
Hi, good evening, sir. Thank you for taking my que stion. On the Pune plant, when the commercialization starts, would there be a change i n the vendor base? I'm talking both on the perspectives of localization as well as group company? That will be the first question.
So, sir, the supply from group companies would rem ain at the current level?
Hi, Good evening sir and thank you for taking my question. Just one clarification in the inventory part, where you did say the current inventory, is it possible to share the inventory going into the festive season. Say September end versus where we are now?
Got it, sir. Thank you so much for this. And this thing has been referred to in the previous part of discussion as well. But if you see the other expenses on a quarter-on-quarter basis, they have gone up. You said, part of it is for warehousing, but going forward, taking into consideration the various programs this quarter including the Motoverse, how much of this increase on a quarter-on-quarter basis is something that will sustain?
Good evening, sir. Thanks for taking my question. First question is on the EVs business, a little basic, but what are the costs and revenues that are reflected in the standalone results? Just to better understand the relationship between Chetak and Bajaj because the volumes also differ between Bajaj and Bajaj plus Chetak. So how are the EV revenues reflected in the stand -alone numbers? That would be the first question.
All right. So, it's as good as selling via Bajaj Auto.
Sir, the first question would be on the broader demand scenario that you are seeing in the SMRPBV business; on the organic part, where do you see demand going on from here, both for the industry as well as for SMRPBV that was the first question?
Just one clarification: somebody asked you previously as well if these 250 crores of one-time cost provision is it reflected in the 2Q P & L anywhere.
Two questions from my side. First , on the Jupiter versus iQube. Since you said that iQube virtually fills all the expectations that Jupiter has. So, in your interaction with the customers, has there been any impact on Jupiter demand versus the iQube? Overall looks strong, but in your international customer, is there any shift from Jupiter to iQube?
One very specific question to the notes-on-account. The other income of 37.55 crores, you said is an evaluation of an investment. Which investment is this, sir?