Venkatesh Subramanian

Good morning, sir. My question is for the next three years. I think in your earlier calls you had said that FY ‘26 we would obviously do about INR14,000 odd crores. Can you give us an idea for FY ‘27 and FY ‘28 what the revenue trajectory looks like? Consi dering that we have a INR1,20,000 crores order book. And I think you also indicated that our order book at some point of time should go towards INR2,00,000 crores.

Okay. So is it fair to assume that over the remaining part of the year, we will start sharing more MoUs, more order flows starting to getting executed basically or in terms of getting the orders?

Okay. Then the other question is, if you are assuming something like INR18,000 crores to INR25,000 crores top line, I understand that based on PMC and other things, EBITDA margin works out to 6%, but you have also indicated that we will -- at some point, in the next two years, you will do a sale of real estate property or a land or something, which will give additional income.

Yes, Sir. Good evening. Two questions. One is, you mentioned about the current order book and what is pending and continuing from previous con calls, Sir, is it fair to assume that the current order book that we have would be exhausted over the next three years broadl y? that's my first question. Second, in terms of exports, you mentioned some very interesting places like Scandinavia and a few other things.

So P1 7 Alphas, the remaining would be completed over the next two years, FY24 and FY25?

My last question, Sir, which is you have talked about the shipbuilding cycle, how the revenues you have actually educated a lo t of us. My question is, considering that we are almost coming to another six months to go four months to go in terms of financial year, what would be the peak revenue recognition year would it be FY25 or FY26?