Amalgamation

PBDIT margins again is still healthy at 19.4%, a little bit lower than Q1 of last year.

The profitability was affected last year in the same quarter and this year we are seeing quite a surge in the overall numbers and in profits.

When we look at the VAM VAE plant, some of the activities around that possibly will come to fruition in quarter one of next year as we see it today.

In FY 2025-26, we commissioned our White Cement plant in Fujairah, UAE.

Gross margins as I just said is 43.2, a little bit higher than Q1 of last year.

PBDIT margins again is still healthy at 19.4%, a little bit lower than Q1 of last year.