Sir, first is on the CAPEX, so 1H we have done close to Rs. 1,860 odd crores. So, for full year and maybe next 1 or 2 years or previously we said Rs. 4,000 crores CAPEX, so that number remains intact?
And sir, in terms of the October and till now, November broadly - our region is South and North in terms of the prices, how are they versus the Q2 average?
Just to recheck, you are maintaining the previous revenue and EBITDA margin guidance I understand. So, just to recheck on that, if I look at 15% revenue growth, we need a (+17%) kind of revenue growth in the second half and in terms of the margin level , we need at least 9.7% to 10% kind of EBITDA margin in the second half. So, are we confident that we will be able to do that?
Just to clarify sir, in terms of the order inflow including the October 1 is I think 8660 odd and L1 is how much sir, Rs. 8700 odd crore?
Sir, I need data points on retention money as of March, mobilization advance, and loans to associates and subsidiaries?
Sir, loans to subsidiaries and associates?
Congratulations on another robust quarter. Sir, before asking a question, it's a humble request. If you can assign someone else to speak for the opening remarks because your voice is not clear. We have missed so many numbers. So that's the humble request if it can be done. My first question is in terms of the now for the 9 months, we have seen a 38% kind of revenue growth. So when we were looking at 20%. So obviously, the numbers will be on the higher side. So if you can help us for the fourth quarter or maybe full year how much we are looking at? And at the same time, on the order inflow, if you can re-announce or re-state in terms of the Q1 order and that you have received and is it at the stand-alone level or at the consol level?
Okay. Okay. And on the margin, it will be on the 10% plus kind of a margin that will continue at EBITDA level for the next year also? Or will there a chance for an improvement?
I have got clarity for most of the questions. Just a couple of things. Sir, just trying to do the math. So you say for plumbing the volume, we are looking at 10% to 15% we'll try for 15%. So in 1H 6.5% I understand October is, as you mentioned, was a flat. So just trying to understand in terms of the ask rate for remaining 5 months is too high. So let's say, if the destocking happens, then are we confident that we can do 15% kind of a volume growth?
Okay. And in terms of the margin, definitely for plumbing, already 18.1% is there in 1H, though we are mentioning 16% to 18%. So just trying to understand, is there a possibility given the price hike is already happening, INR3 PVC is there and maybe further, as you mentioned, INR6, INR7 you are looking at. So will this 18% can move to 19%, 20%?
Sir, this 15% volume growth that we are seeing, I think previously, we are looking at 15% to 20% kind of a range. So given the fluctuations in the PVC prices, so is it possible that maybe the second quarter onwards, we can -- there is a chance to revise this upwards or 15% would be kind of a max that right now we are looking at? And also now particularly July, how was the kind of a demand or maybe if you can give some idea in terms of the volume, how was it?
Okay. And secondly, in terms of Q2, is there a possibility that we can see the inventory losses?
Thank you and congratulations on good set of numbers. Sir, first, is it possible to tell the MSA volume for second quarter?
Okay. Got it. And second, just wanted to understand both in terms of the green share and whatever the expansions that we have, what I see is green share last time, we said that by FY '25, we will be looking at close to 31%, but now we are saying at 20%-odd, so currently 18.2%. And for all the expansions, if I see many projects are getting delayed by 1 or 1 quarter. So any specific reason?
Thank you and congratulations on good set of numbers. Sir, first, is it possible to tell the MSA volume for second quarter?
Okay. Got it. And second, just wanted to understand both in terms of the green share and whatever the expansions that we have, what I see is green share last time, we said that by FY '25, we will be looking at close to 31%, but now we are saying at 20%-odd, so currently 18.2%. And for all the expansions, if I see many projects are getting delayed by 1 or 1 quarter. So any specific reason?
A couple of questions, ma’am. First, a couple of data points, lead distance for this quarter, trade share, and road/rail mix this quarter.
Okay. And is it fair to say, let’s say, when we say that our prices have declined just about 2.7%, so the non-trade prices would have declined much higher in Q2 versus the trade prices?
Sir, a couple of questions. First, in the last quarter, we were looking at the volume growth for ourselves in line with the industry growth of 7% to 8%. But given the kind of a degrowth, now, how do we look at in terms of the volume growth for FY’25?
Just to harp on in terms of the pricing, just if I get the number, so in July month, on an average in East and North where we operate, how much prices would have declined?
My first question is when we are saying that we have enough headroom for the growth and North ma’am has mentioned that the 89% utilization in fourth quarter including the Bhiwani and also we mentioned that we want to grow at 7% in FY’25. So, to clarify if I’m making a mistake. So, how much volume growth are we looking at and from where it can come? North is already at 89%. So, incremental whatever the 5%, 7%, 8% volume growth that we are looking at, is it more from the East and which states would be more to contribute to the growth?
Just to clarify, this Rs.50 cost saving in FY’25, this is from the Q4 FY’24 number or from FY’24 number?
Sir, just trying to further understand in terms of our lowering the volume guidance for FY '25. So if I'm just doing the math, the ask rate for second half is for Plastic Pipe segment is close to 20% to 22% kind of a growth required. That means a 92% kind of a utilization. So there are two questions trying to understand. In September, was our volume in Plastic Pipe segment was much better than the July, August? And in terms of the October, is it much better than the September? And if possible, how we can break this in terms for the overall third quarter, how much growth are we looking at?
Got it, got it. And second, in terms of the -- going forward also, previously, we talked about even from FY '25 onwards, so FY '26 onwards, we were looking at broadly 12% to 15% kind of volume growth. So that guidelines remains intact.
Yes. Sir, double -digit growth for us for H2 and for industry, how much we are looking at for H2?
Okay. Okay. Got it. And is it possible, sir, in terms of the 68% utilization for second quarter, can you break it down region-wise for us, how was the utilization?
Sir just a couple of data points, trade share and blended cement for this quarter?
And capex how much we have done and last time we talked about 9,000...
Congratulations on good profitability. Sir, most of the questions answered. Just on the green share, so how do we see this current 25.7% green share by FY '25, FY '26? And I know you have mentioned more than 60% by FY '27, but just wanted by FY '25 and FY '26?
So at 50%?
Yes. Sir, in the opening remarks, we have said that in the second half, we are looking at 8% volume growth for industry. Just trying to understand for us in the H1, we have done close to 7.2%. But for us, how we look at the second half in terms of the volume growth because if we now remove the Jaypee volume, which was there in last year in the second half, is it fair to say that we will be just doing a 1% or 2% kind of growth in the second half? So net -net for FY'25 we will be having a close to 3.5% to 4% max kind of volume growth.
Okay. And in terms of the pricing, sir, so currently the prices, if one looks at versus the Q2 average, how much they are up?
Yes, thank you. I just wanted to first clarify when we say 12% volume growth for FY '25. So this is on 28.8 million ton volume console that we have done in FY '24. On that we are seeing 12% volume growth?
Yes. So that means for next three quarters, we need to do 14% kind of volume growth and we are confident that we can do that.
Yes. Sir, continuing the previous question, so that's the reason if we, as you mentioned, even if we decide to take a couple of quarters to decide for 75 MTPA. Let's say, 3 quarters down the line even if you say we want to reach to a 75. Then also, is it possible to reach 75 million tons by FY '27 because then you have only 2 years, 2.2 years, only 2 years and 3 months. So is it possible even if we decide 3 years for this down the line, can we reach 75 million ton by FY '27?
Okay, okay. Second, sir, when we say that we expect 8. 5% to 9% kind of a demand growth in FY '25 and we want to grow at 1.5x of the industry growth. So that comes closer to a kind of a 12.75% or 13% versus last quarter, we were saying that for next 6, 7 years, we can look at a 15% to 16% kind of CAGR. So does that mean that in the start of this 15%, 16% CAGR is on the lower side. Your ask rate to achieve this will be higher? Or will this growth of 15% to 16% CAGR for the next 6, 7 years can lower to 12%, 13%?
Many questions answered or a couple of data points and maybe a clarification. So, first is in terms of the volume growth guidance, last time you said 10%. So, that remains the same.
Second, if you can share the railroad mix and fuel mix for 1Q FY '25?
Just continuing for FY'25 on paint front, how much loss that will be delivered?
Previously, we were looking at close to 500 -odd crores kind of revenue. So, will it remain the same and for FY'26 also can we see the EBITDA loss, or will it turn EBITDA-neutral?