Transport of India · tone and specificity signals across the available quarters.
Language signals
We are cautiously optimistic. There is some uncertainty because the Middle East but with the possibility of increased sales during the festival season we are seeing that restocking starting and we do expect that to continue in the next few months.
The LTL business has a higher double the gross margin at about 20% to a 10% for FTL business. So certainly there is some change that happens in the margin structure but it's more gradual rather than straightforward.
We did about 623 rigs, 24 rakes which is almost the same as last year. The TUs handled last year versus last year is almost the same as this year.
It's better to keep protecting our margins versus chasing growth which might not be that profitable.
There is no other company in India that has all these capabilities under a single roof.
The industry-wide cost increases create a great opportunity for pricing power.