50%
s in Korea, Vietnam and Europe to cater to from this expanded capacity. Further, we have completed 50% of construction at Chennai, where we are setting up the greenfield facility for 60,000 tons per an
20%
ean region in preparation for this upcoming Chennai capacity. Overall, we are confident to deliver 20% CAGR, of course, in volumes over the next three to five years. And all our efforts are aimed towa
rs,
e through the financial performance of the company, so I think we can go directly to question answers, yes. Thank you. We have the first question from the line of Anay Mittal from Invest Research. S
60%
vanced countries, those two major markets. And the Thai tyre companies are running at around 50%, 60% capacity utilization, which has resulted in to substantially lower demand from our customers. And
10%
this year, we are not likely to grow in volume in Thailand. Of course, we are confident of, almost 10% volume growth or even 15% volume growth in India, compared to last year. So overall, I see a possi
15%
ly to grow in volume in Thailand. Of course, we are confident of, almost 10% volume growth or even 15% volume growth in India, compared to last year. So overall, I see a possibility of only 7%, 8% vol
7%
r even 15% volume growth in India, compared to last year. So overall, I see a possibility of only 7%, 8% volume growth in the business for current year. So I would like to revise the
8%
en 15% volume growth in India, compared to last year. So overall, I see a possibility of only 7%, 8% volume growth in the business for current year. So I would like to revise the
18%
nce calls, but I had mentioned that that is not going to be a normal margin. You can always assume 18%, 19% as the normal margin. This quarter we have done about 17%, which is also because of lower vol
19%
alls, but I had mentioned that that is not going to be a normal margin. You can always assume 18%, 19% as the normal margin. This quarter we have done about 17%, which is also because of lower volume.
17%
rmal margin. You can always assume 18%, 19% as the normal margin. This quarter we have done about 17%, which is also because of lower volume. When the volumes are lower, the cost of production goes up
INR74,000
ay. We have seen the extreme volatility in steel prices in two years. Prices, which had gone up to INR74,000 for our raw materials have now come down to INR57,000, INR58,000 in India and little lower in Thail