Hello?
Thanks for the opportunity. Sir, just a couple of questions.. Yes. The first one is on the government contracts. I see that the AR numbers have gone up significantly. So any reason for that?
Questions across 5 calls
Rajakumar Vaidyanathan
RK Invest
C.E. Info Systems Limited
The Great Eastern Shipping Company Limited
I have two questions. The first question is for Shiv. Shiv, I am looking at your Slide 7, where you have given this return of capital employed, and so on and so forth. So, just allow me, just give me two minutes to explain the question. So, Shiv, if I look at your three drivers of your bottom line or the profitability, they are your core freight earnings, profit on sale of ships, and then your other income comprising of your interest income and then the FX gains, right?
So, for a moment, if I back out your profit on sale of ships and the other income as well as the FX gain, your PBT comes to approximately INR 520 crores for the quarter, as against whatever INR 840 crores you have reported. So, if I take that as the numerator and then I am using your equity as your replacement cost, because you are giving the number based on the book value, which is whatever INR 1,000 approx. So, if you have to replace it with your NAV of 1,566, which is working out to almost INR 22,000 crores, so if I annualize, you guys are close to, you are making around 10% pre-tax return.
Yes, good evening. Thanks for the opportunity. So, my question is to Shiv. On the FX line item, sorry for a long question, so I see that the FX line item is appearing under three line items in P&L. There is an Item E and F and then there is also one on the other comprehensive income line where you are showing a gain of Rs. 54 crores to be reclassified to P&L at a later stage. So , I would like to know what are the major buckets sitting in each of these categories? Because first one you said you are repricing the loan, but that will not show up on the asset side because of the gap reasons, so the asset repricing is sitting off balance sheet , so you will only show the loss in P&L , that part I understood. So, Rs.59 crores that you are showing is that that is what you are referring to the loss?
No, I am looking at the consol.
DCM Shriram Limited
Yes. Good evening. Can you hear me?
Yes. Thank you. Thanks for the opportunity. So the first question is on the caustic soda segment. I just want to know what is your outlook for this segment for the upcoming quarters? This quarter, you have done very good on the volume side, but the margins have dipped. So, given this tariff situation, are you seeing any softness in demand? Can you just give some color on the outlook?
Vardhman Textiles Limited
Sir, the first question is this rupee depreciation against US dollar. So, we have not seen the full impact in this quarter because in your other income and I also see in yo ur cash flow there were some derivative losses there. So, I just want to know, should we assume that there will be some upside in the coming quarter, if the rupee depreciation stays.
Okay. Got it, sir. Sir, just one more housekeeping question. So, sir, this is with reference to your associate Vardhman Yarns and Threads. I just want to know whether that ass ociate is also able to maintain the margin compared to June and September.