Thank you for taking my question. So, my first question was on the margin. We've seen for the last nine quarters or so that margin accretion has happened continuously. I basically want to unde rstand what is it that is bringing us this margin, despite the fluctuations in commodity prices and our input prices that would be the first thing. Secondly, that you've spoken continuously about the enquiry pipeline. Would you like to quantify that enquiry pipeline, and in your opinion, would that be more back- ended when these orders were finalised towards the second half, what is your opinion on that?
Questions across 43 calls
Nidhi Shah
ICICI Securities
Triveni Turbine Limited
Larsen & Toubro Limited
Yes, thank you so much for taking my question. So, what I really wanted to ask was on the order prospects that that we are seeing in the international market outside of the Middle East, what is the order prospect looking like in the other countries . So again, Middle East has been a big portion of our commentary, but outside of Middle East, what is the situation like?
Okay. That's it. Thank you.
Thank you so much for taking my question and congratulations on an amazing quarter. So, I have two questions. Firstly, what do you think about the offshore wind business in the medium term? As per the annual r eport, it looks like the company is pursuing bids in offshore projects globally. That is the first one. And the second is that how is green hydrogen opportunities panning out? Are the discussions progressing like we had hoped? And are there more closures of projects in the near term?
Green hydrogen. So are the opportunities panning out and are the discussions progressing like we had hoped? And are there any new closures on projects on specifically green hydrogen?
Afcons Infrastructure Limited
Thank you so much for taking my question. So I wanted to ask about the advance that we have accrued over the years. So last quarter also you mentioned the L1s that were in a similar range. I wanted to know how much of the L1s that you have mentioned this quarter are carry forward from the beginning of the year and how much are new. And the ones that have carried forward from the beginning of the year, when do we expect these to convert into LOIs?
Alright. And my second question would be on, you mentioned that you would be also moving to some developed countries for bidding for projects. I wanted to understand what the margin profile would be like in those countries. Typically what we have seen for other EPC companies is that margins are lower abroad, especially in developed countries. With the projects that you are bidding for as well or is it the opposite?
NAVA LIMITED
So, on the Zambia expansion that we are undertaking at the moment, I have a couple of questions on the commissioning and the timeline, so when did you expect this plant to start? And do we have any PPAs tied up, any bilateral agreements, anything like that? And have we come up with a tariff discovery?
Lastly, on the ferrosilicon manganese, so we have seen that the sales are nearly 75% of the production. Are we expecting to keep our production at the same level in Q4 as well? And you mentioned on the call that we're seeing strong export numbers for Q4. But would you like to comment on the FY '26 and how is that looking like?
So, I have couple of questions for Zambia. Now that we have a power plant mining, avocado integrated sugar coming up in Zambia, what is the reason for expansion in Zambia? Is it that the Zambia environment is good for now? Secondly, what other opportunities can we pursue in Zambia that are related to our business? Can we pursue expansion at the power plant in and around Zambia? Are there more opportunities in power and mining lined up in neighboring African countries?
Do you see any specific countries in the African region, where you could possibly have opportunities to set up something? Is there any bridge that has opened up?
Premier Energies Limited
Thank you so much for taking my question. I would also like to congratulate you on a great set of results. My first question is that we know that the ALMM-1 is to be implemented from June 26, but has the process of collating the list started and by when can we expect the list to be out and what can the process look like?
Thank you so much. My last question would be that the 1 gigawatt top line, I can see from your presentation that we have delayed the commissioning by one quarter. What is the reason for that and are we facing any delays or issues in getting equipment and things like that?
Hi. Thank you so much for taking my question. I had a couple of questions on the expansion that we had mentioned in the geography. So, the 4 GW cell and module line, have we given out orders for the expansion yet?
All right. And, again, so the timeline that we had mentioned earlier for the setup of this, we are well in order to achieve that timeline? Yes.
GMR AIRPORTS LIMITED
I would just like to -- in advance, I'm sorry if I missed an answer or if this question has already been answered. But revenue quality at the Goa Airport which, as far as I recall, has ended in the first week of December. I'm assuming that we will see this coming in, in Q4 for the year. So what number could we expect for this quarter?
Cummins India Limited
Just on the previous participant's question. You gave us the breakup for PowerGen for domestic. Could you also provide the breakup for export?
Just on the previous participant's question. You gave us the breakup for PowerGen for domestic. Could you also provide the breakup for export?
Cemindia Projects Limited
So my first question will be on mobilization advance. How much do you have currently on book as mobilization advance?
Okay. After post the order book that you have mentioned for September ended, have we received any more advance or orders in this quarter in Q3?
So, again, on the bid pipeline, I wanted to know what are the projects that we have already bid for in this year and we are looking forward to the announcement of that? And what do you see in the near future bid pipeline, some of the bid projects that could come up in this year?
Other than marine and metro were there any jobs that has been bid for in this quarter?
Adani Ports and Special Economic Zone Limited
So, firstly, I wanted to ask on the ABPO. So, this quarter, you are seeing that the that the revenues are much, much lower. Is this primarily because this was planned by the company or is this something that that just happened this quarter?
ABPO. ABPO business. We are seeing that the revenues are much lower compared to last quarter. What is the reason for that? Is that a planned move?
Inox Wind Limited
So, we are seeing a much lower interest payment this quarter as compared to the previous one. Is this something that we could expect for the year going forward as well for the remaining two quarters?
Transformers And Rectifiers (India) Limited
Thank you so much for taking my question. I'd like to ask a couple of questions on the finances. First one being that we've seen an unusually high other income this quarter. It's generally twice of what we see for the whole year. So, one, why is that? And two, how much it will be sustainable on a full year basis? And secondly, we see the margins for last quarter are same. So is there little room for improvement?
Yes, my second question was on the margin. Now we've seen that for the last two quarters we have seen 70% EBITDA margin. If you take out the other income, is this our target margin or are we hoping to improve margin beyond this?
Engineers India Limited
I actually have a couple of questions. The first one being that what is our revenue and PAT guidance for the U.S.?
Okay. So given that this quarter revenues have been extremely muted, we've not seen this kind of quarter in the last 2 or 3 financial years. So I understand that the business is cyclical, but one being that if you have to attribute one or two key reasons to this, then what would that be? And second, given how low the revenues have been this quarter, how comfortable are we in achieving our -- the target of INR3,500 crores that you mentioned.
Hi. So as you just mentioned about the project that moved from consultancy to turnkey, is there any change in value given that the project has now become a turnkey project?
Okay. One second. Hello. Am I audible now?
Jupiter Wagons Limited
So firstly, with the budget announcement and with prior budget also that the production for this year of locomotives and wagons will increase for this year and next year. So, what do you think is your order pipeline looking like for this year?
All right. And as you mentioned, it was a specialized wagon, the order pipeline looking good. So, what do you think about the competitive intensity in this market?
JSW Steel Limited
Thank you so much for taking my question and congratulations on an amazing quarter. So, I have two questions. Firstly, what do you think about the offshore wind business in the medium term? As per the annual r eport, it looks like the company is pursuing bids in offshore projects globally. That is the first one. And the second is that how is green hydrogen opportunities panning out? Are the discussions progressing like we had hoped? And are there more closures of projects in the near term?
Green hydrogen. So are the opportunities panning out and are the discussions progressing like we had hoped? And are there any new closures on projects on specifically green hydrogen?