Thank you. So, I have two to three points to touch upon. One is can you help us with the underlying volume growth of the business, because the revenue growth obviously includes the cost of the work, etc.
Could you help us with the volume?
Questions across 6 calls
Joseph George
IIFL Capital
Tube Investments of India Limited
Balkrishna Industries Limited
Yes. So my question is in relation to the capex guidance that you have put out, INR6,800 crores. So two questions on that. One is, does this amount, INR6,800 crores, include anything that you have already spent? Or is that the number that we should think of from FY '27 to '29? That is the first question.
So how much of the INR6,800 crores have you already spent?
Bajaj Auto Limited
Hi, thank you for the opportunity. Just a couple of questions. One is if you can give the U.S. dollar realization for the quarter on your exports. And the second one is a clarification on commodities. So, we have always thought of commodities is something that hits OEMs with a 1 quarter lag? So, when you talk about a 50 to 60 bps impact in 4Q compared to 3Q, is it benchmark to the commodity prices that we are seeing now? Or are today's commodities that we see something that will hit us in the June quarter? Just trying to understand the lag impact. Thank you.
Sure. So, the clarification, Dinesh, I was looking for was , our old understanding was that commodities hit OEMs typically with a 1 quarter lag. So , when you talk about this 50 -60 bps, does it factor in the commodity prices that we are seeing on the screen today? Or will today's commodity prices as we see it is that something that will hit us maybe with the quarter's lag, say, in the June quarter?
Craftsman Automation Limited
Thank you. So, I had two questions. One is, on CAPEX, you mentioned that it is a fluid thing because new orders keep coming. But would you be able to indicate the CAPEX guidance for FY26 given that we are almost seven months into the year?
Understood sir. And the second question that I had was on your ROCE target. So, you mentioned that when you are taking new orders or thinking of investment into new plants, you have set some ROCE targets and based on passing that threshold you think of further investment. So, would you be able to indicate what is the minimum ROCE threshold that you have in mind while considering new CAPEX?
Amara Raja Energy & Mobility Limited
I have a couple of questions. One is you mentioned that the aftermarket segment was disrupted because of the whole GST transition. What I want to understand was before the GST cut announcement, were the sales trending at the same level in terms of growth as you were seeing in the preceding quarters, mid- to high single-digit kind of a growth? And only after the GST cut announcement, the sales was disrupted?
Understood, sir. Sir, the second question that I had was in relation to the tubular plant. You mentioned that commercial production has started. Just want to understand, in this quarter, were there any revenues from the tubular plant? And I mean, irrespective of whether the answer is yes or no, should we expect a full ramp-up starting with the third quarter?
Ramkrishna Forgings Limited
All right. So, 1 clarification. You mentioned that about Rs. 25 crores of one-off impacts because of FX and Mexico losses, etc . were there in the quarter. I want to understand how much of this Rs. 25 crores is in stand- alone and above EBITDA?
Understood. So effectively, you're saying approximately Rs. 16 crores to Rs. 17 crores of EBITDA?