Questions across 2 calls

Deepak Gupta

JM Financial Asset Management

Polycab India Limited

Polycab India Limited CC-Mar25.pdf · 2025-05-07

Good afternoon, sir. Thank you for taking my question. My first question is on the export opportunity. If you could give us some perspective about how do you see export revenue shaping up for FY26 given the challenges that we are seeing in US regarding trade tariffs, etc.,?

So therefore, would it be right to assume that your EBITDA margins for full year, which is the 13.2% can only improve from here going onwards, given the fact that exposure will be increasing in your overall proportion of sales?

Havells India Limited

Havells India Limited CC-Mar25.pdf · 2025-04-22

My first question is on Goldi Solar. Sorry to harp on it, but historically, Havells have always been focused on B2C businesses. Now with this investment in Goldi Solar, are we changing our stance and looking at investing into B2B businesses in a meaningful manner?

Sure. And my second and the last question is that could we look at this investment as a financial investment or would you be looking to increasing your stake in this company in the foreseeable future?