Questions across 9 calls

Nirav Shah

GeeCee Holdings

Adani Enterprises Limited

Adani Enterprises Limited CC-Sep25.pdf · 2025-11-04

Yes, good evening, sir. And thanks for the opportunity. So, the first question is on our ANIL business. So, for the second consecutive quarter, sir, we have operated at above 100% utilization. I mean, in the first quarter, we did around 135% utilization in th e current quarter. Hello. Hello, sir. Am I audible?

So, my question is on the modules business. I mean, so for the last two quarters, we have operated at above 100% capacity. Any particular reason the producible capacity is slightly more than what the rated capacity is?

Adani Enterprises Limited CC-Mar25.pdf · 2025-05-01

Congrats on the great numbers and thanks for the opportunity. Sir, the question is on the copper smelter front. Now that we have commissioned the smelter also if you can just guide us in terms of how the ramp-up will take place in the first half and second half? And any challenges in the sourcing front of the ore that we are facing right now because of lower supply of the ore globally? And from when will we start reporting the segmental results separately? That's the first question.

That's not an issue. But the TCRC, the lower TCRC right now will impact something, I mean, from what we had estimated earlier in the profitability front.

Adani Enterprises Limited CC-Sep24.pdf · 2024-10-29

So a few questions. First is on the airport side, I mean for our 6 PPP airports. So can you just elaborate on the timelines for the tariff increase because that has been approved but it has not been effective. So will we see all the tariff increases in place by end of the year or I mean if you just can give the timelines please, that would be helpful?

So all six airports, tariff entries will be between January to June.

Adani Power Limited

Adani Power Limited CC-Nov25.pdf · 2025-10-30

Yes. Hi. Good evening, sir. Thanks for the opportunity. Most questions are answered. Just last one question. Sir, we have commissioned the Dhirauli mine and there was an incentive of waiver of the cess, but now in this, the cess has been already completely waived. So now in what form will we be incentivized on the mining?

So the incentive of, if we consume the coal within the state, the Rs. 400 incentive that was there, now it will no longer be there? Is that fair to say?

Adani Power Limited CC-Dec23.pdf · 2024-01-25

Yes, good evening. Many congratulations for a fabulous set of numbers. Sir, a few questions. Firstly, has there been any repayment of unsecured perpetual securities during Q3? I mean, Q2, the balance was INR9,180 crores, and we are seeing INR1,000 crores deleveraging approximately on a sequential basis against our EBITDA of roughly INR5,000 crores. So I just want to understand any repayment of perpetual securities that has happened during the quarter?

I think we can take it, yes.

GMR AIRPORTS LIMITED

GMR AIRPORTS LIMITED CC-Jun25.pdf · 2025-07-30

Yes, good afternoon, sir, and congrats on a solid set of performance. So, a few questions. Firstly, on our Hyderabad cargo and MRO business, last full year we did an EBIT of INR275 crores and this quarter itself we did around INR98 crores. Now, you have mentioned in your opening remarks about a 3-year contract with Akasa. But from here on, what kind of quarterly revenue can we expect? Because it's a pretty strong number that we have reported at this segment.

Okay. But just the utilization of our assets over there, I mean, the area, was it the optimum or there is still room to grow?

Shyam Metalics and Energy Limited

Shyam Metalics and Energy Limited CC-Jun24.pdf · 2024-07-31

Yes. Good evening, sir. Thanks for the opportunity and congratulations on a very strong set of numbers in a tough environment. So, I have two related questions. One is sir, I mean, what was the movement in our coal costs from Q4 to Q1? And based on our inventory levels? I m ean, what is the indicative trend for Q2? And same for the iron ore, sir if that's possible?

But directionally, I mean, how do you see the overall COP moving for Q2? Because prices are down because of the seasonality defect as well. But on the costing front, should there be any savings in the key cost components?

Shyam Metalics and Energy Limited CC-Dec23.pdf · 2024-01-31

Good afternoon, sir. Thanks for the opportunity and congratulations on a strong set of numbers. As mentioned, it's heartening to see that the improvement has come from volumes and cost control rather than price improvements. So that's a positive answer. I still have a few questions. So first question is on our costing for fourth quarter. I mean, we have seen coal correcting, even the imported coal prices correcting the South African grade and the Australian grade. So how much of cost saving can we expect on that front in the coming quarter, in this quarter, fourth quarter?

Got it. Got it.

Welspun Corp Limited

Welspun Corp Limited CC-Mar24.pdf · 2024-05-31

Sir, I have 3 questions. First is on the DI pipes. Sir, in the opening remarks you mentioned that, on the order book of 328,000 tonnes, you have visibility of 9 months, so can we infer that our annual volumes will be upwards of 400,000 tonnes just based on your opening commentary? Can you just clarify that, please?

That's very encouraging. Sir, second question is on Saudi operations. In your opening commentary again, you mentioned volumes of around 350,000 tonnes, if I heard it correctly. And the implied EBITDA per tonne for the year, it comes closer to $250 a tonne. And I believe Q4 will be much higher at maybe $330 to $350 a tonne, based on just the numbers. So we've always guided for a sustainable EBITDA per tonne range of $200, so while -- maybe this year and next year may be higher than the average, but what's the number you are indicating for FY'25? Can it be closer to FY'24 EBITDA per tonne or maybe Q4 EBITDA per tonne? Just some color on that?