Hi, thanks for the opportunity. So, two quick questions. One, you already mentioned about your sustainable EBITDA pattern guidance for aluminum, plastic. Is it possible to share that same for lead, copper, and rubber?
And rubber?
Questions across 9 calls
Ashish Kejriwal
Nuvama Institutional Equities
Gravita India Limited
Sir, quickly, one, is it possible for you to guide the effective tax rate for the year? Be cause tax rate has been increasing quarter-on-quarter.
That's great, sir. And secondly, in terms of cap acity expansion, we understand that, obviously, you are going to expand capacity by around 100,000 tons in FY '26 and the work is also going on the ground. So -- but I don't know whether we have started work on FY '27 numbers also where we are expanding capacity. So my question is, one, this 100,000 tons, is it possible to break into different segments? And what about FY '27? Have we started the work over there? And thirdly, on capex, how much we have already spent in first quarter because our overall capex guidance is around INR375 crores for this year?
Shyam Metalics and Energy Limited
Sorry, I was on mute that time. And many congratulations, sir, for successful growth capex without stretching the balance sheet, very few times we see that. That's -- many congratulations for that. Sir, my question is on hot-rolled mill. I assume that we have 0.4 million tons of cold- rolled mills. So obviously, 0.5 million ton of that will be used in the hot roll. So going forward, do you want to go into sale of HRC coil? Or can we expect that next phase, we can see further expansion in CR coil or further processing to galvanized products?
Understood. Sir, in this -- just a small query on this hot rolled mill plant, is this including of steel melting shop as well as hot strip mill also or something else is also included in that?
Jindal Stainless Limited
Yes, hi. Thanks. Good evening, everyone. Sir, quickly, you have mentioned a few points which can bridge the EBITDA from fourth quarter to first quarter, which could be your uses of low - cost inventory or some change in inventory, product mix improvement, realization improvement, and cost decline. So, is it possible to even, not pinpoint, but at least, broadly, I am trying to quantify, because, when we are getting an EBITDA bridge, how much is contributing what? Because when we are saying product mix improvement, can it be, 30% - 40% of the change in EBITDA which we have seen, or is it only 10% of that? So, when we are giving these statements of product mix improvement or this, if we can quantify a bit, even in a percentage terms or anything which is feasible for the Company, I think that will help us to get a good sense of the numbers. So, is it possible to quantify now or?
Because Abhyuday, even if we give a broad breakup, broad buckets, like, whether it is because of relation improvement or cost improvement or inventory improvement, then it will help us understanding in a better way and give some more confidence that going forward also, if macro changes favorably, we can do more.
Yes. Thanks everyone. Thanks for the opportunity. Sir, a couple of questions. One, I think FY ‘25 is one year where we have already started our NPI project. So , is it possible to share what kind of profitability we are generating over there or still it's loss making because it has not reached to the optimum level?
Understood sir. Sir, raw material security is fine, but when we are looking at profitability, is it possible to even share that at what nickel price we can be breakeven?
RHI MAGNESITA INDIA LIMITED
Hi. Good evening, sir. Thanks for the opportunity. So, a couple of questions on the market. As you rightly pointed out that we are seeing intense competition, and I think management is very right not to disturb the market in such a way to flood it. But in this intense competition, which is maybe prevailing even in FY' 26. Is it possible to share what's your expectation of volume growth?
So, sir, when we are talking about 8 % to 10% volume growth, we are taking into consideration that we are also going to then some hiccups in the commodity market also because now if competition is already there. Because one thing is steel margins definitely has improved after the safeguard duty. So, are you seeing in your interaction with your customer that they are somewhat easing off and giving you higher prices for the work which we are doing or still they are negotiating on a lower prices?
NMDC Limited
Sir, three questions from my side. One, when we are talking about 55 million tons, do we have proper infrastructure on evacuation in place? Second question is on account of the huge expansion plans, which we are targeting around INR70,000 crores plus, do you think that we need to take any further -- any debt on that or our cash flows will be sufficient to fund all the capex? And third, we are talking about this pellet plant conversion from KIOCL. And what about our plant, which is there at Karnataka where we are in the operation?
The first question was, do we have proper infrastructure on the evacuation because...
Hindalco Industries Limited
Yes. Hi. Good evening, everyone. So is it possible to share the revenue aluminum which we have sold?.
Is it possible to share the revenue of alumina which sold? We have given the volume, but we haven't shared the revenue, is it possible to share that?
JINDAL STEEL LIMITED
Sir, two quick questions. One, is it possible to share how much capex we have already done out of this INR31,000 crores? And secondly, in Utkal B1, I think we were trying to increase our approval from 3.4 million to 5 million tons, where we are? And in coking coal, you mentioned that in first quarter, how much cost we have already witnessed down. Second quarter, I know, $30, $35, but in first quarter, how much coking coal price was down quarter-on-quarter?
Okay. And so regarding Utkal B1 and coking coal price?