Surya Patra

Thanks for this opportunity. S ir, first, the clarification I wanted. You just mentioned about the impact of around Rs. 50-odd crore. That is at the EBITDA level or it is the kind of revenue impact that you have witnessed in this quarter?

My second point was that about the capacity expansion that we are on. See, in the recent times, what we observed was that capacity additions without any customer backing was not really helpful. So, since we have been there in the CAPEX mode for some time and we have also recently added capacities like MEA and all that , has not been really helpful given the demand situation.

Sure. Second point was about the quarter-specific impact what we have seen. See, most of those are external factor s I believe, let us say, a war issue or it is the kind of a raw material price crash impacting the inventory or trade deferrals because of the tariff-related aspect.

Yes. My first question is on the one of the costs that could be there because of the new capacities. So could you quantify that? Because my point is, in fact, on a consolidated basis, although we are saying that our new capacities are currently not optimally utilized. And hence, there would be the kind of impact that our consolidated business witnessing.

Exactly, sir. Is it possible to quantify, sir, like what is, let's say, the EBITDA level, what would be the kind of hit that you would be facing for the new business?

Okay. Okay. And then for the existing business or continuing business, this margin expansion, you said on the revenue -- in the prices front, there is no sequential improvement that is flat. And on the cost front, sequentially, there is no reduction, rather, it is slight improvement or stabilized price. So then is it the volume growth that is helping out to showcase a slightly better margin?