Questions across 3 calls

Nilabja Dey

Ashmore Research

Radico Khaitan Limited

Radico Khaitan Limited CC-Jan26.pdf · 2026-01-23

First of all, congratulations on a great set of numbers. Sir, there is a news specifically in the leading newspapers, that alcohol companies are facing issues in collections in Telangana and also some operational challenges after this new excise policy. Obviously, the second one is not new in Maharashtra. But in Telangana, there is a collection issue and the government is not releasing money. Is there any improvement, can you just throw some light on how the things are panning out?

Okay. And Maharashtra, sir, after this new excise thing, the country liquor is getting traction and the premium ones are getting some issues. So, is there any normalization of the stuff?

Inventurus Knowledge Solutions Limited

Inventurus Knowledge Solutions Limited CC-Nov25.pdf · 2025-10-31

Good morning, sir. And congratulations on a great set of numbers. Sir, actually, I'd like to know that one of the key things I want to know, first of all, you do not give any annual or quarterly guidance, that's fine. But what are the key metrics through which we can understand your company's progress? Because you are sharing only that adjusted EBITDA per employee, which is obviously moving up. But that's coming from quarter to quarter because your client concentration is very high. It's one of the risks. But obviously, there are a lot of pros and cons. In case you do not give annual guidance, you do not share any ACV or TCV value or revenue from some of the other companies sharing from annuity revenue or subscription revenue, those things. So how you are giving some visibility to your annual progress apart from that in terms of quantitative factors? Qualitative factors, there are N number of things. I really appreciate that. Can you please kindly share?

Actually, I want to avoid what happened, I'm telling because we also want to -- do not want to move from quarter-to-quarter. Anyhow, thanks for your comments and all the best.

Cartrade Tech Limited

Cartrade Tech Limited CC-Nov25.pdf · 2025-10-28

Sir, first of all congratulations on a very good set of number. Sir, actually, I have a very personal things to share and I want to -- see, my question is related to how you are leveraging AI. And because see personally I was searching for to buy a new car. And I went to ChatGPT and I found that most of the questions -- I visited your site. But I found most of my questions and when I'm giving the prompts, it is giving the ChatGPT already throwing. And except for the viewing the car and seeing some competitive prices, I may not -- I did not need to have to go through extensively to your website. That's a little worrying for me. Like I was following your answers regarding the AI part and you are telli ng that they are monitored, they are scrapping through your website and getting the data. So how you are handling this particular problem? Because this is going to accentuate further because most of the stuff people who are maybe throwing some data and getting all the things and they may not need to visit, they will directly visit the dealers, say, Hyundai or Maruti and see the products live in front of. So how you are handling -- this is a little worrying for me. Can you please answer this?

Sure. Just one question more. So maybe I'll split it. So are you -- many websites, consumer - based websites now are trying to directly integrating with some of these -- I'm not pre-empting your products, but are you thinking in that line like they are integrating the ChatGPT or Google in their product -- in their website itself for quick answers?