Bir Kapoor

This quarter was undoubtedly one of the most challenging for us.

The recent reduction in U.S. tariffs from 50% to 18% provides significant relief and restores competitiveness in one of the key export markets.

We are building a comprehensive and integrated battery materials platform with established capacities, ongoing qualifications, early commercial traction, and IFC's and one more sovereign fund's strategic investment.

We are uniquely positioned as one of the only non-China integrated LiPF6 producers and are further expanding our capacities to capitalize on this opportunity.

The pricing where they are, I think, is probably approaching that [sustainable level].

We are confident of achieving around 25% growth as guided earlier.

The bill offers a substantial $45 per kW hour subsidy, covering approximately two-thirds of the battery cost, making large-scale battery production in the U.S. not just feasible but highly attractive.

Our salt quality is comparable to anywhere in the world.

We expect the revenue from EV business to trickle in towards the second half of this financial year.

We expect our full capacity utilization to be there by the end of FY26.

We are committed to our cumulative CapEx plan of INR 6,000 crores by FY28, as we had indicated earlier.

We are seeing a continued improvement in our financials. The slowdown in Europe and adverse business cycles have, however, impacted H1 and delayed our recovery with respect to our earlier plans.