Apar Industries Limited CC-Dec23.pdf · 2024-01-30
Most of the questions have been answered. To the question on conductors margin, you just alluded that long-term outlook or the long-term number continues to remain at around INR28,500 plus tailwinds. But what we have observed is that after 2 quarters of muted number versus previous few quarters. In this quarter, again, we have seen some improvement. Is it because of US market going down versus the previous quarters and domestic conductors like you said, AL-59 is the dominant one that has helped our margins or you see the tailwinds continuing for a longer period of time versus what was expected?
Sure, sure. Sure, this INR28,500 number earlier, I think if I recollected correctly, we were guiding for INR25,000-plus tailwinds. So, is there that now we are seeing with all the key tailwinds that you alluded to that the margin's outlook has improved versus what you are seeing previously?