Hi, Jitendraji. Congratulations on a very good set of numbers. So, one question is that orders that got delivered this quarter, you mentioned that were of high margin. So which segment was that in terms of type of transformers?
So our order book is also in the high voltage transformer majority of the order book. So why can't the margin sustain in spite of we being the most backward integrated player in the industry then?
So, my first question is that so there are some news articles stating that Rs. 44,000 crores of transmission projects are getting delayed by PGCIL and there are like 18 projects getting delayed by 32 months and 8 projects getting delayed by 12 months or so. So, what's your sense on the delay because that might delay the execution though it's the need of the hour and demand for transformers really good in the industry. So, is there any delay in the execution on the transmission side and how can it impact us in terms of execution if you can guide?
So, you think there is not much delay in terms of not only PGCIL sir, but other ways also on the transmission side because there are lot of external factors also for them to get it executed. So, is there anything where we are not only from their side but on the other front also might be a delay in execution or are we on track because?
I wanted to ask that sales guidance provided in the last quarter was also to grow with respect to Q3 FY23, but why is it that non receipt of dispatch instructions from few customers that you guided to a degrowth in revenue with respect to Q2? So, is this few customers, is this GETCO only or any other customers, how many customers are there here and what is the value that does not get dispatched this quarter which you expected to get delivered in the next quarter? Also, this is also the time sir when the transforme r sector is doing so well. So, wanted to understand why is it so they are not getting dispatched or if you can explain it.
So, I was saying sir that last quarter also this was one of the reasons for the sales getting declined. So, is it and if you can quantify what's the quantu m of this order which has not got dispatched within this quarter?
The capex has got delayed by a quarter or so , in the last quarter you had guided a volume growth of around 15,000 tons from the new capex. So is that guidance still good, like will we be able to ramp it up? Also, do we have that kind of a demand visibility, from that perspective . I wanted to understand that are the customers visiting us and we have that kind of order visibility from our new customers as well? Secondly, what is the tenure of the order visibility that we have right now? For example, for how much period do we have order visibility in this business in general I wanted to understand?
Secondly, I wanted to understand that on a quarter-on-quarter basis, our EBITDA per ton, I am not talking about the margins, but EBITDA per ton has decreased from 34,000 to 31,000 per ton approximately. So, is that because of the product mix as realizations have been quite steady? So, is it because of the product mix change or why has the EBITDA per ton come down this quarter? Though you have maintained the margins of what you have guided of 18% but just wanted to understand is it because of the product mix?
My first question is I wanted to understand how is the competitive scenario in the Middle East region, the Saudi region as well, considering lot of expansions are happening in that region as well and we're trying to gain market share, so what is the kind of competitive scenario with respect to the other countries and their local companies as well?
The margin profile also in the Middle East, is it the same as the US or the Europe market or it's maybe slightly lower or how is it?
My first question is just a follow-up to the last question; - you mentioned that Europe is not doing well but the order book is very strong. So , are we gaining market share from other players, or the other players are operating at low- capacity utilization? Or are we having any competitive edge in terms of costs ? So why is it that the market is not doing well, but we still have a strong order book?
The capex plan, the Phase 1 was expected to start in Q3. So , is that on time, how is it?
Congratulations to the entire team for such superb set of numbers. I had a few questions. First is, I wanted to understand the business size, where will be like in transmission segment supposed in particular, how much can we execute in a year, assuming a p roject takes around 12 to 15 months. So how much according to our manpower ecosystem and other bandwidth, how much of the total the order book or how much of the total order can we execute in transmission and distribution in a year, I wanted to understand that?
I have some more questions. Should I ask now or one by one?
Sir, my first question was that in the presentation it is mentioned that when you say in the cement industry, there is a shift towards the roller press gear box and the Elecon is the only player, so I wanted to understand, will there be a replacement demand as well on the current capacity installed in the cement plant or it is just for the new expansion will be in this type of gear box?
Sir, what kind of an opportunity size that can b e and are you also gaining traction from the replacement demand right now or is it still at a very nascent stage?