Sir, I just want to know what is the outlook for th e Unichem business? When do you think the margins will improve?
Okay. Sir, this 12% to 13% that you mentioned, that is the overall margin for FY26-'27?
Questions across 7 calls
Rajakumar Vaidyanathan
RK Investments
IPCA Laboratories Limited
Newgen Software Technologies Limited
Yes, good evening. Can you hear me?
Yes, can you hear me now?
Emcure Pharmaceuticals Limited
Thanks for the opportunity. Sir, my question is on the Sanofi portfolio. So first question is, do you expect, given that these brands have a less or low penetration in Tier 2 and Tier 3 cities? Do you expect the growth from this portfolio to be better than the other domestic pharma segment?
Okay. And the second question is currently, you have a distribution and marketing agreement. So, I don't know whether these products are produced by Sanofi's own factory or is they're using CMOs to do. So is there an opportunity to kind of get that piece also over a longer period of time?
Tata Elxsi Limited
Sir, so your revenue engines are not firing now. So, I just want to know if you have extensively invested in AI and GenAI, and whether you will be able to surpass performance in the past years with the benefit of AI and GenAI?
Okay. Sir, just to labor on the same question. So actually, what I want to know is what is the impact of this AI on your head count? In other words, if you were using one head count earlier, has it brought down the number to 0.9 or 0.8, what is the number that you want to see?
Timken India Limited
Sir, my question is on the financials. So if I just see the notes that you have given in the financial statement, there is a note in the, note number 5 where it dictates 275 million is on account of bilateral APA that was signed. So if -- I mean that kind of gaining upside here this quarter because your revenue and bottom line has gone up to the same number, right? And to see the real profitability, we need to just kind of back that out. So if a back that out, then when I compare your current Q4 vis-a-vis the previous Q4, the numbers are actually coming down. So your PBT margin drops from 21% to 19%?
Yes. And just one more minute, sir. So I also read through you are parent companies con-call transcript, where they are talking about the EBITDA bridge. They mentioned $10 million have been incurred towards ramp-related costs for Mexico and India entities. So I just want to know whether this 2% drop is representing the ramp-related cost. Or is there anything more to it?
Indian Overseas Bank
Yes. Congrats for the good set of numbers. Sir, just a few questions. First on the capital raise. I just want to know, is it an enabling provision or you're looking at raising the real capital because we just made a capital raise a few months back. So just wanted to know why we are looking at further capital raise given that our CD ratio is also very good?
Yes. Because see, that will dilute the capital measures. That is the reason that I'm asking why government is not selling its stake instead the bank is raising the capital when we don't need the growth capital?
Anupam Rasayan India Limited
Sir, my question is on the inventory, sorry, to labor on that. So if I see your September inventory, it was INR1,270 crores. And if I see your December number, the changes in inventory is almost INR120 crores negative is there, which means you have added further INR120 crores inventory. So it's about INR1,400 crores of inventory roughly you should have as of December. So -- and I also look at your material cost to sales is about 40% on a consol basis, so which means you are roughly carrying almost inventory to serve almost INR3,400 crores worth of revenue, which is almost like 2 years of revenue. So I just wanted to -- if you could just give some color why we are adding this material. Is it because is there a lot of lead time is involved in locating this material or it's a long production cycle? If you could just enlighten us, it would be really helpful.
Yes. Yes, this is helpful, sir. And any comment on the material cost percentage to sales? It's about 40%. So we are roughly having 2 years for inventory. So if you could...