Sir, first question is on the mobile phones, you men tioned too early to guide for FY '27. Generally, whatever, say, rolling plan we get from our clients, do we have any visibility on at least Q1? I mean, generally, this supply chain takes time. And so we have to -- is it fair to assume that at least in the first half we should see degrowth of volume? This is ex of Vivo JV, I'm just saying.
Or do we have a pipeline to add clients?
Congratulations on consistent performance. A couple of questions. First, on the mobile segment. So FY '26 being the last year of PLI incentives. Post that, in that segment, what kind of profitability that you expect in terms of margin? And I agree probably the absolute EBITDA would grow based on the increased volume. So how do you see, say, financial metrics changing in the mobile segment? That is first question.
Okay. Just one follow -up to this. You have mentioned Q2 FY '26 as the period for commissioning of this project. Now this being, I mean, critical component and are we being new entrant and with approval cycle, when should we assume say real ramp-up in the volumes, revenue profitability from this segment, display module?
First question, on the mobile side. I think since now, the Xiaomi plant is on stream earlier, you have mentioned about a 0.5 million kind s of run rate on a monthly basis and around 1 million for the intel smart phone. So what kind of timeline do you expect to reach this? Or have we revised upward, downward? Any update on this? That is first question.
Now it would be -- since, I mean -- I know it's still early stage since the plant coming on stream. So right now, what would be the level of production? Any run rate that, that you can share or any expected run rate for Q4?
Sir, one question on the UCP margin side. You mentioned last quarter that the industry has increased the prices near the end of the season and year-over-year 30% kind of growth. And despite that if margins are lower Q-on-Q, if you can just throw some light on what is driving the margins in this narrow band, is it competitive pricing or this OPEX of the new plant or something else and in that backdrop, how should we think of margins going ahead also?
Understood, sir. Just last and second question on the commercial refrigeration’s you mentioned that it did not pick up the way it was expected. So, is it because of the product gaps or basically internal reasons or there is slow down at the macro level or industry level?