TITAGARH RAIL SYSTEMS LIMITED CC-Sep23.pdf · 2023-10-19
Congratulations for the great set of numbers. So, sir, my first major question is on the raw materials consumed. If we see, we have shown that our raw material cost is somewhere around INR679.6 crores. So can I understand basically why are we having such a low raw material cost because of one impact on the raw material, our gross margins have increased from 21.8% to 22.9%.
So, can we expect the blended margin to be upwards of 12% on the EBITDA level for the whole year?