My first question is if you can explain the sequential price decline appears to be almost 5%, but the margin decline seems to be nominal. So, is it that a grey cements, a higher amount of clinker sales relative to the Q4?
How much clinker sales for now? And the second question is….
Hi sir, good evening. Am I audible?
Congrats, sir, on a great set of numbers. I have a few questions. First on the expansions, these grinding expansions, which you are doing in brownfield. So are they actually are adding some balancing equipment? Or will it be a separate grinding mill, which is getting ready?
Sir, my question pertains to this realization. If I look at your Grey cement realization trend, we see that it peaked somewhere close to 5,390 in Q3 FY '23. And thereafter, it has been drifting lower. FY '24, we have seen 40 -odd million ton of capacity additions, as you mentioned and incrementally a few of the under-stress capacities are also being acquired and hence they would be ramping up adding to the volume pressure. Incremental capacity additions are too on a rise. And third point, if I look at yours Adani and Ambuja, Dalmia all of these are talking about INR200 to INR300 incremental cost reduction. So are we headed towards a situation where next 2 to 3 years we may not see any price improvement at all because companies are benefiting from cost reduction and they will be more than happy delivering INR1,000 to INR1,100 EBITDA margin I mean, the frontline companies.
So even incremental additions that would happen would have similar clinker size?
Am I audible?
Sir, could you share the breakup of the pending 2.6 million ton debottlenecking which was due in second half? And also the slag grinding units, which are expected next year?
Yes, hi, sir. While some of my questions have been answered, I just wanted to get some more colour on this volume growth guidance of 1.5x industry growth. Even last year, you were looking at similar growth trajectory and on core volume growth, we landed up in a single digit. So given that, we are still confident that next nine months, we would be able to deliver 14% volume growth. Shall we assume that our realizations, again the discounting structure may need to increase, which we have seen normalization in Q1? And second, your thoughts on the IEX stake sale?
Okay. And this 150 to 200 per ton, I understand that if I look at your green power mix for FY '24 this will be close to 26, 27%, which in FY '26, you would be close to on an average 50%. Is this understanding correct?
My first question is on this Super Dalla, what is the status on the same? And then a few housekeeping questions, vis -a-vis trade, non -trade and the blended cement, which I'll come back?
Okay. And this INR3,500 crores, which you are targeting for the acquisition, that is only for the Phase 1 acquisition or that includes even the 4.2 million tons?
Sir, could you share the rupees per kilo cal costing in Q4 and the housekeeping numbers for revenue and EBITDA for shipping, wind and concrete?
2.24?
Would you please share the shipping, windmill and RMC revenue and EBITDA?
2.3 crores because you sold off the ship?
Thanks for detailed presentation in terms of numbers. Sir, my first question pertains to, could you split out what would be the capex expenditure in FY '25, '26? And how much incentives was booked in Q4 and full year FY '24?
Okay.