Questions across 6 calls

Sunny Gosar

MK Ventures

Ramkrishna Forgings Limited

Ramkrishna Forgings Limited CC-May26.pdf · 2026-05-04

Thank you for taking my question and congratulations on a good set of numbers for the quarter. So, my first question is on the overall peak revenue potential. So, we've almost now expanded to about 400,000 tons of capacity. So, assuming a normalized utilization and adjusting for seasonality in the business, what is the peak volumes or peak revenue if you can give some colour either on one of them over the next two to three years we can achieve with this current capacity that we have already set in place?

Got it. Got it. And second question is in terms of the domestic and export mix. So, this year our domestic performance has been very strong with strong CV demand and the mix which used to be about 40% to 42% export and 58% to 60% domestic have seen a swing towards higher share of domestic. So, based on the current visibility in terms of the order book or customer discussions that you are having, how do you see this domestic- export mix moving over the coming one or two years and how does the domestic-export mix impact the overall margins? Does, does higher export mean better margin profile and how is the outlook on that?

Ramkrishna Forgings Limited CC-Feb26.pdf · 2026-01-27

My first question is regards to the North America business. So, FY '25, we were north of about Rs. 1,000 crores of revenue. And for the first 9 months, we've clocked about Rs. 480 crores, which basically on a 9 -month comparative basis is down more than 40%. So basically, if you can give us some understanding of how the business environment in North America is shaping up? How is the Class 8 build rates currently as compared to last year? And what is the overall outlook in terms of the North America business with all the new orders that we have won?

Got it. And in terms of the overall revenue mix, so say, last year we were at about 60% domestic about 40% export. In this quarter our mix is about 70% domestic 30% export. Now based on like the new order wins and the overall robustness in the domestic business environment, how do we see this mix changing, say over FY '27? Because this will also be kind of a key determinant to the profitability considering exports has relatively better profitability as compared to domestic?

Ramkrishna Forgings Limited CC-Nov25.pdf ·

My first question is on the debt levels. So, debt levels have substantially shot up as on September '25 to, I think, more than Rs. 2,500 crores. So, can you give some colour on what has led to this sharp increase in the debt?

Sure. So as per the cash flow statement, the consolidated capex for H1 was about Rs. 485 crores. So, for the full year FY '26, what is likely to be the level of capex outflow? So basically, what's the incremental outflow in H2? And by March '26, what is the likely debt levels that we should see from the current, say, Rs. 2,500 crores, Rs. 2,550 crores, of gross debt?

Allied Blenders and Distillers Limited

Allied Blenders and Distillers Limited CC-Nov25.pdf · 2025-11-06

Congratulations on a very good set of numbers. I have a couple of q uestions. First is with regards to the state of Telangana. In the presentation, you had mentione d that in the month of October, you started collecting some overdue amounts. So if you can give some color on what's the outlook in terms of overdue receivables in Telangana? And sec ond, on the state of Telangana, like is there any possibility of price hikes or any pricing committee, which has been formed? So that's my first set of questions.

Got it. And in terms of clearing of the overdues, is there a pathway or v isibility in terms of -- or any timeline that the government has indicated to basically reduce this substantially further?

Waaree Energies Limited

Waaree Energies Limited CC-Mar25.pdf · 2025-04-23

Sir, on the F Y26 guidance, if you can -- because we are moving from a manufacturing, lead business to manufacturing plus like an IPP, if you can roughly give the breakup between what will come from our manufacturing, whether it's cells and modules and batteries, etcetera., which will come in the future and from the IPP business.

And sir, our IPP business in 2026, the ENEL acquisition?

Tejas Networks Limited

Tejas Networks Limited CC-Dec24.pdf · 2025-01-23

Congratulations on the very quick execution for the BSNL project over the last 3 or 4 quarters. My first question is related to the PLI incentive. So we have booked about INR500 crores plus of PLI incentive in the last 4 quarters. Have we been receiving the money on a regular basis? O r is this still completely outstanding as on December?

Got it. That's quite helpful. In the earlier part of the call, you alluded to a few opportunities like the Kavach program, the 5G -- private 5G application, the BharatNet Phase 3 project. Will you -- like if you could give some color on the quantum of some of these opportunities, some ballpark numbers or some indicative color on how large some of these opportunities could be? And like on an annual basis, how much revenue opportunity that could lead to over the next few years?