Hi, sir. Thank you for the opportunity. M y question was on wires. So outside of this quarterly volatility and stocking and destocking, it seems li ke the secondary growth is also weaker than what we were expecting. So, any sense on what is happening? Any color on secondary sales in wires?
Understood. Sure. That was my only question. Thank you.
My question was again on exports. So while you did share some details, could you share some more in terms of approval timelines? Particularly looking at it from Lloyd's perspective, what can help us improve capacity utilization from where they are currently?
Understood. This is helpful. And just on cable front. So given that we've seen a very large capex announcements by almost all players, particularly on cable side. Do you see demand keep pace with that? Or do you expect any volatility from supply coming up, mayb e not immediately this year but next year?
Thanks for the opportunity and congrats for the good margin gained. Just wanted to check, you mentioned about resuming investment in movies. Would be possible to give any number or any commitment you have made internally?
Got it. And just last one on the fund deployment. So Mr. Galgali did mention that you all are evaluating a few areas, but possible to give any more color on what you are evaluating?
Congratulations on reducing ZEE5 losses. My question was on the core business. So, if we exclude the ZEE5 losses, it seems like the core business EBITDA has declined by 10%. While I understand ad growth was negative, was there any other element as well which led to this decline?
And the second one was on the FCCB. So, given that you have received approval from RBI, the understanding was that you would have to give some drawdown schedule to them. So, broadly, could you share some details like the deployment of funds, the drawdown schedule, minimum lock -in to exercise the call option and the end -use of funds?
Most of my questions are answered. Just wanted one clarification. You mentioned that institutional business did better than distribution. And you also mentioned that Wires did better than Cables. Does this imply that you have done wire sales to real estate projects this quarter?
This is correct, right? You typically expect the domestic distribution to do better when your wire sales are outpacing cables. So, is there a difference in understanding here?
My question is primarily on mix. Would it be possible to share the margin differential between your international and domestic and even between domestic distribution and institutional? The context is that somehow 200-250 basis points contraction in Wires & Cables seems that there is some other element at play as well. Possible to elaborate it on this?
Understood. Sir, just one clarification, so 11% to 13% is your guidance in wires & cables. But last year, I understand we benefited lot from higher capacity utilization. But it would be based on when the commodities are stable, doing better than the top end in the coming quarters. would that be fair to say?
Ya, Thank You for the opportunity, Sir, just wanted to understand for this low double digit growth that market did in the first quarter, what would have been the growth for economy end, so basically the direct cool range, any sense around that?
Understood. And the second question was again on gross margin. So, while I understand on Y-o-Y basis, the reasons that you explained. On a Q-o-Q basis, is there a mix element that play for the contraction? That was my last question.