Parv Jain

Sir, my first question remains on the industry front. So, like we have been seeing from the past last one year the industry has been a little subdued due to overcapacity and other supply related constraints, but I mean , this Q4 we have really seen some good margin improvements and going forward also, you are guiding that the demand remains resilient. So, how do we see the industry in this coming year?

Sir, the plastic industry as a whole. Overcapacity in terms of the number of players who have set up plastic, PVC, PERT related plants.

Right, sir. Sir, the volumes remain really good, but on the margins front, like we have seen for the last three quarters , the gross margins had declined to some extent , but this quarter we see the gross margins have improved. So , going forward can we expect similar kind of margins? What is your outlook on that?