Congratulations to the management on a very good set of numbers. I have a couple of questions, more on the accounting s ide rather than the operational pieces. My first question is really around the inventory picture. So 2 things. I see there is a provision for slow -moving inventory taken out in the statement of cash flows for this quarter. And I also see that there is cer tain increased inventories in this quarter as compared to the last quarter, also for this half year as compared to the last half year. Can you just provide me in general what exactly is happening on the inventory picture? Are we producing much more than we are able to sell? Or is this really the raw material prices, which is hitting us or whatever clarification you can provide on this?
Questions across 3 calls
Satadru Chakraborty
Chakraborty Family Office
Action Construction Equipment Limited
Gravita India Limited
Hello good morning congratulations on a good quarter . My first question revolves around the net working capital cycle so I think the inventories payables look good . My question really is on the receivables so there is a sharp jump and I see that cash flow cooperation is significantly down because of that . Can you give me a bit more insight on what exactly i s happening is this one or two large customers who are not paying or is this going on credit so what exactly is causing this jump.
Okay any notional idea on how many days this is in terms of receivables or this quarter versus the last.
Elecon Engineering Company Limited
I will just ask one question what I see in the slide 13 around the EON 2 series, I am very happy to see we put a poin t around operation condition monitoring , so my question really is what is your vision, Mr. Patel, of having this sort of digitalization in each and every gearbox and how does Elecon plan to sort of capture this opportunity because I can imagine that if you have a continuous SCADA system, then these digital systems are very helpful , most customers are wanting that and probably it is fair to assume that the margins are much better on these kinds of gearboxes?