Renu Baid Pugalia

Congratulations for the strong performance. My first question is, last quarter, we had seen the transition in the Industrial segment for CEV BS V range of products. So if you can share market inputs in terms of how was the product acceptance? Any potential share gain or loss with respect to OEMs and the pricing impact will be second? That's the first question?

Any color on the pricing impact of our solutions in this segment?

Sure. Secondly, if you can also share some inputs in terms of how has been the subsegment performance within the industrial bucket? And on an annualized basis, how did the revenue stack up across construction, marine, mining, railways, compressors, the categories that you operate?

Congratulations for the strong performance. My first question is, last quarter, we had seen the transition in the Industrial segment for CEV BS V range of products. So if you can share market inputs in terms of how was the product acceptance? Any potential share gain or loss with respect to OEMs and the pricing impact will be second? That's the first question?

Any color on the pricing impact of our solutions in this segment?

Sure. Secondly, if you can also share some inputs in terms of how has been the subsegment performance within the industrial bucket? And on an annualized basis, how did the revenue stack up across construction, marine, mining, railways, compressors, the categories that you operate?

Many congratulations for the strong performance. My first question is I'm just understanding a bit on the order pipeline prospects. Last year, almost as Sushil, also highlighted the INR30 billion plus orders came from large orders, exports combined. So when we look at the existing base orders of INR77 billion, how do we see this pie increasing in the next year?

Sure. And within the order prospects for fiscal '26, how do you see -- because the last couple of years have been transformer heavy. So if you can throw some light how is the broad prospect been on the substations, and especially the GIS part. Hearing pretty big numbers on that side of the business.

Sure. Secondly, on the pricing side, as in clearly last 18 months has been the dream run for any transformer company in India in terms of demand -supply mismatches. So stepping in '26-'27, how do we see the pricing environment and the gross margin mix that you have seen for '26 for ourselves based on the backlog and execution time line, how comfortable we are to sustain and see improvement in this?

Thank you. Good morning, team. My first question is, Sanjeev, you did mention that macro is not looking so exciting, but you are focusing more bottom-up. But what we saw in TA in the last quarter with respect to orders getting postponed from customers and execution, does that phenomena concern you in terms of the likely execution for this year that we missed it from double-digit growth to single-digit or flattish…

Got it. The second question is just pulling few inputs from the annual report, within the product segment, others as a category in the last two years have grown very smartly from Rs. 1,400 crores to Rs. 2,400 crores plus revenues, our fastest CAGR.

Any particular products to call out or nothing specific here?