Yes, good evening, sir. Sir, I have two questions. The first one, ou r operating profits are not -- look as good as maybe people like Nitin Spinners or GHCL Textiles, is it because the fabric price increase will happen with a lag and hence Q1 numbers would show more of it?
Okay. So this is as a percentage of revenue, right?
Yes. I just have one question. Can you just give us an idea about the current demand for the seamless pipe industry? I mean, industry as a whole, also the margins there?
Okay. You said it's 1.5 million tons, am I right, the demand?
I don't know if I missed listening to this thing of yours. So, what was the DAP consumption for 9 months and also for NPK? I mean not in absolute terms, how much was the -- like directionally, what percentage increase or decrease?
DAP was up from 26 to?
Sir, I just have 1 question, which is on Nano fertilizers, the urea or DAP. Going by the acceptance that you see , what percentage of our domestic demand, let ’s say, in 2 years from now can be taken over by the Nano variety of be it of urea or DAP?
I missed you. You said over in the next 3 to 5 years, about 25% of substitution can happen as regards DAP consumption, right?
Yes, I have just two questions. One is on that energy change norm in urea. So, how frequently does it change, is there a duration that it changes after so many years each time they change it?
After seven years? Okay. But normally is it supposed to change after five years or there is no such thing?
Good evening, sir, I just have one question, is it possible to give volume guidance for FY26?
Thank you.
I just had one question that's on sugar. What is the cost of sugar production for the season that just ended in September?
Does this include interest and depreciation also?