Hello. Thank you for the opportunity, sir. Sir, sorry if my question is repetitive. I have joined the call late. Just wanted to understand on the expense side there is a lot of increase on the raw material side especially we are seeing a lot of inflation -- inflationary impact coming in.
Am I audible now? Hello?
Congratulations on excellent set of numbers. Sir, my first question is on the working capital part of it. I wanted to understand what was our working capital days in quarter 3 net working capital. If you could give us a split of the inventory receivable and payable, if possible?
Okay. I mean so what is the standard -- I mean, I think the inventory days are a bit higher than usual. Any specific reason for that? Will we see that the days go down in quarter 4?
Congratulations, sir, on a good set of numbers. I wanted to understand on our new Ankleshwar facility, what is the breakeven sales that we need to achieve? I mean, sir, what is the sales that we need to achieve to reach breakeven margins?
As in percentage of utilization also would do, I mean.
Hello. Am I audible, sir?
Namaskar. Sir, I remember reading a press release where we targeted around INR 1,200 crores of revenue by FY '27 in Data Center . Is it correct to assume that this is from the mix of 36 megawatt Cloud and 81 megawatt Colocation, right?
Am I audible, sir?
Thank you for the opportunity and congratulations on a great set of numbers.
My first question is due to the tariff that has been imposed on Brazil of 50%, I mean, there's a lot of reports coming up saying that the additional beans might make possible to -- might make way towards China and EU. So considering I remember from our earlier calls where we have said that we targeted China and Middle East as a market where we see potential growth. So how does this new set of competition that we foresee due to this tariff situation?
Right, sir. On my second question, on our interest part of this quarter -- the last 2 quarters now, we've seen around INR34 crores of outflow when it comes to interest. With prices coming down, can we more or less say that this could be the peak interest cost and some type of short-term debt will be reduced due to lower working capital requirement?
Thank you for the opportunity. My two questions are from the S hriram Farm Solutions Vertical. So, firstly, sir, if I am not wrong, we had launched around 7 to 8 products last financial year under this segment. I wanted to understand how much percentage of our total revenue has come from, I mean, especially this growth part of 29% volume has come from our new product launches.
Also, sir, wanted to understand our capital employed base has almost doubled when it comes to S hriram Farm Solutions. So, I wanted to understand, is it primarily because of any new capital expenditure that we have done or is it because some part of R&D expenses are getting capitalized?
Just one clarity that I needed, again on the power side of it, so, if I understand it right, you are spending Rs. 76 crore to increase your peak capacity from 44 megawatt to 68 megawatt. That is the addition of 24 megawatt, right?
That is over and above the 44 megawatts, that you already have?
My first question would be, I wanted to know what is our total electricity, that is power and fuel that is consumed for the quarter coming from captive consumption, I mean coming from captive power?
So, that includes the 120 MW that has been commissioned in June. I mean would that 120 MW create a surplus type situation in Quarter 2?
Congratulations on a great set of numbers. Sir two question from my side, firstly, Firstly, I want to know, our net working capital base is around 29 days, which seems to be highest in the last five years.. So could you help us understand, I mean, how it would be going forward? And my second question is wanted to know what would be the capex size in FY '26 and the breakup of growth capex and maintenance?
Working capital?
So my first question would be to understand how has been towards Kharif season, how has been the availability of that, especially if we have to comment for the month of April. And secondly, wanted to understand, can we see the velocity when it comes to NPK sales, similar to what we are seeing in Q4 going ahead as well?
Okay. Sir can you quantify the inventory that we carry from March to April and in total inventory in tons, if you could?
Sir, my first question is on the backward integration part. I wanted to know what is the total savings that we did due to the backward integration of sulfuric acid and phosphoric acid in Q3 as well as 9 months? If you could give us a number for that?
Okay. So if I understand it right, I mean, this quarter, we have seen some increase in sulfuric acid prices has been reported. And also one of our peers, who is also backward integrated in this, they saved quite a lot of amount. So I mean, the margins, if I have to compare, not on a percentage basis, but on absolute basis, has seen a very good improvement on year-on-year basis. Would it be correct to say that this primarily is due to the backward integration that the margins...
Hello, sir. Yes, there are few things I wanted to know for Quarter 4, firstly on the Phos Acid prices if you could share. So what I was asking is , basically I wanted to know prices of a few chemicals. That is, what is the price that was there for phosphoric acid in Quarter 4, firstly? Secondly, we wanted to know how has the price for sulfur panned out from quarter three to Quarter 4 versus sulfuric acid from quarter three to Quarter 4. If you could give us the data per ton.
Okay. So I mean, how do we see , I mean, our internal estimate on, is there a lag between that sulfur and sulfuric acid price? We might see some more increase that is possible on sulfuric acid side of it, I mean, going ahead with the season having more requirement towards fertilizers etc.?
Sir, my question is on, would give us some idea on how the bounce rate has been like in the current quarter? And I mean, with your initial commentary on some elevated risk in a few states, how do you see -- I mean, how do you think it will pan out in next 2 or 3 quarters?
Okay. And sir, what is -- I mean, what do we have as an internal estimate for a steady-state ROA on our AUM?
So, a few questions from my side. First, from the c rop nutrition business side of it, I know it wouldn't be correct to compare it on a quarter-on-quarter basis. But just to get an understanding, on a Y-o-Y basis, we have done an exceptional improvement when it comes to volume. And still we have managed to keep our profitability in line with what it was in Q2, whereas Q2 is a very -- probably the best quarter for us. So just wanted to understand on which area that we have managed to make our mark in this quarter? And if you could give us an idea of the product that we targeted and managed to sell more of volumes when it comes to crop nutrition? Subhash Anand: So, a few things which help actually if you see CNB or c rop nutrition business, our focus on specialty definitely helping us to maintain our margins. Our focus on Croptek and Smartek is something where our growth was phenomenal in the overall growth, what you see in a CNB business. And these being value-added product, so it helps us to not only grow -- revenue grow more in proportionate to volume and help us to maintain profitability. Second thing, which is important, the kind of a business mix which we have, CNB, TAN and IC, there is a natural hedge between these businesses, where one business when it goes towards off-season, other business running through a peak season. So, at an overall level, we can hold on to our overall profitability at a consol level. And that's the beauty of our 3 businesses beautifully aligned to seasonality and India growth story.
Right. So, but if I just take crop nutrition business segment specific, you have still maintained CNB margins almost at the same level despite doing a lower volume. Sir, I wanted to understand more on your flagship side of the product. Let's say, like you did -- if I'm not wrong, you did a sale of Croptek around 37,000 metric tons last quarter. So, what would that volume be in this quarter? Subhash Anand: It will be 60,000.
There are 2 questions from my side. First thing is I wanted to understand how the wedding markets panned out in quarter 3 vis-à-vis last year, same quarter. And how has January panned out for the same? And my second question is more on the corporate rate h ikes cycle. Can you tell me how we were planning on doing some increase in corporate rates? So if you could tell me how it has panned out.
Right, right, yes. Also, on the corporate...
Thank you for the opportunity and congratulations on a good set of numbers. My first question is that any receivable that is pending, can you convert it into equity, for the new 300-megawatt project? As in the receivable getting converted wherein, they instead of paying us, it gets converted into equity and they put up the fund in realization of that USD 200 million which was pending. So I want to ask is it still under discussion? Or will the revenue get recognized like USD 5 million per month?
Right. But we had contemplated something, because in the new 300-megawatt, we have to anyway put our money as equity for the new project, if I'm not wrong?
So, when you are operating our ferrochrome capacity, we had a capacity of around 2 lakh tons, if I'm not wrong. So now we are producing, in fact, silicomanganese and ferrosilicon. What is the equivalent production that is possible if we are producing at 100%?
So this is for silicomanganese, right?
Congratulations, sir, on good set of numbers and thank you for the opportunity. My first question would be, I just want to know how much money we have spent on the exploration activity that you are doing in Ivory Coast and how much money have we spent on avocado project till now.
Okay. When I was going through your balance sheet that you posted for the half-year ended FY24. So , there was some trade receivable amount into roughly INR 530 crores that was standing under non-current asset. Could you help me understand what that number would be as of now?
Hello, sir. Thank you for the opportunity. I want to melt down the guidance earlier. But can I understand what will be our growth this year in terms of exports and domestic people? Just give me a number?
Right. So, if I get it right, your 10% internal target of outperformance will be majorly due to your increasing content per vehicle, right?