Kavina Desai

Congratulations on a good set of numbers. My first question is with respect to the share and profits of JV and associates line item, we see a sharp decline in profits this Q4 versus previous year's Q4. But however, when we look at it on a full year basis, it did significantly well in FY '24 versus FY '23. So are such big quarterly variations in this line item a normal thing or this was unusual?

Okay. And the second question is, can you also throw some light on your current inventory situation?

Thank you.

Congratulations on a good set of numbers. My first question is with respect to the share and profits of JV and associates line item, we see a sharp decline in profits this Q4 versus previous year's Q4. But however, when we look at it on a full year basis, it did significantly well in FY '24 versus FY '23. So are such big quarterly variations in this line item a normal thing or this was unusual?

Okay. And the second question is, can you also throw some light on your current inventory situation?

Thank you.