Keshav Garg

“So, if we compare our performance with the industry leader, then I'm unable to understand that how come the industry leader's margins are pretty stable at mid-20s, and whereas if we look at our performance, then our margins from a similar level to the market leader, they have really collapsed to single-digit margins.”

“Sir, my question is regarding our EBITDA per ton for the steel division, which has come around Rs.4,000 per ton for the first half. And, sir, going forward also, we are expecting it to be around Rs.4,500, Rs.4,600.”

“So, Mr. Luma, my questions are also in line with the previous participants. I am just wondering that in this industry, where there are no entry barriers, where the cost of operations is the same for everybody more or less, the salaries of drivers or the fuel is the same?”

“So, if we see our order book has doubled over the past two years, but our revenues have grown at less than 9% CAGR over the past two years.”

“Sir, I wanted to get clarity on a couple of things. Firstly, our net debt seems to be around 80 crore, but the annual interest cost is in the vicinity of around 60 crores.”