Questions across 5 calls

Rahul Agarwal

Incred Capital

Dr. Lal Path Labs Ltd.

Dr. Lal Path Labs Ltd. CC-Sep23.pdf · 2023-11-02

I have three questions, two on business and one more structural. Firstly, the new slide which you put in the presentation on T ier-III markets. Just wanted to know, how do you define Tier -III markets and below, in your mind, how do you classify that? And if you could elaborate a bit more on the accelerated program for these markets, because my sense is, as revenue share increases and centers take a bit of time to ramp up how does the incremental margins look like?

The second part of the question essentially was, you mentioned about 20 plus labs getting opened into the Tier -III markets, just wanted to understand as the center when these labs ramp up, incremental margins how should we look at that, because I think if you do that and the revenue share further increases from here from 34%, how do the consolidated margins behave?

Supreme Industries Limited

Supreme Industries Limited CC-Sep23.pdf · 2023-10-30

Congratulations on a good quarter. Sir, first question on the Maharashtra state government contract, how much of that is already supplied out of the INR480 crores?

Should I assume INR150 crores worth of material is supplied?

APL Apollo Tubes Limited

APL Apollo Tubes Limited CC-Sep23.pdf · 2023-10-30

Good evening. Thank you for the opportunity . Sir first question Raipur has reached about 1.2 million tonnes after the balance of the left capacity gets added what is the eventual capacity here?

Perfect and company level total capacity including R aipur has gone to like October end what would that be?

Havells India Limited

Havells India Limited CC-Sep23.pdf · 2023-10-20

Sir, first question on second half being better just to understand, which are the products, which are festival dependent and is Havells approaching the season differently in terms of anything you've done differently in terms of go-to-market, channel incentives for you to get better growth in the market?

Got it, sir. Secondly, on ECD, I think if I look at the first half sales, about INR1,600 crores, it's flat Y-o-Y. I understand the reason. Second half last year was also similar, about INR1,700 crores give and take INR50 crores. Would you expect 10% to 15% Y -o-Y growth in second half?

Polycab India Limited

Polycab India Limited CC-Sep23.pdf · 2023-10-19

Yes. Hi, thank you for the opportunity. Congrats on another quarter of super performance. Sir, two questions, please allow me to ask them very short. Firstly, on channel finance. My understanding is the balance sheet has improved quite a bit on working capital, purely because our channel finance percentages have increased into FMEG as well as cable & wire. The question essentially is if the channel pays you faster against cash discount, does that mean lower gross margins just from an accounting perspective? That's question number one.

Okay. And the second question is on overall margin. Cables have done better than wires again, but the margin trends are reversed, that they're holding up Q-o-Q, also margins are 14.4%. Your guidance earlier been 11% to 13% sustainable range. On TV today, you said 12% to 14% sustainable range. I understand it's more conservatism, but my sense is ultimately, we're expecting this to normalize, right? So eventually, it should trend down towards 12%. I don't know when it happens, but that should b e the reality for the industry. Is that the right way to understand?