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Hi, thank you for taking my question. I have a couple of questions, one on H -One. So, just wanted to check, H-One is mainly a supplier of passenger vehicle, commercial vehicle or two - wheeler OEM because just want to check that decline is coming from which particular OEM or trying to get an understanding of where the decline is coming from and how it is expected to move forward?
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Okay, sure. Thank you. Now, the second thing was on the margin side, gross margin also has declined Y-o-Y and EBITDA margin also declined? Is it primarily because we did integrate H- One and that could have impacted, but just want to check what is the other impact that is driving? Was there any raw material impact and how should we see it going forward like we did 13% Q1 last year?
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Just in terms of so when the steel prices come down, do we get in the same quarter or we get it in the next quarter, the benefit?
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Analyst questions
Vijay Pandey
Nuv ama
1Call
1Company
BELRISE
All company callsBelrise Industries Limited
Belrise Industries Limited CC-Jun25.pdf
12 Aug 2025