P. Ramakrishnan

We continue to maintain our guidance for the current financial year around group order inflows, group revenues, margins in the production manufacturing portfolio, and group net working capital to revenue.

We have a strong order prospects pipeline of INR 2.49 trillion for this energy segment for the remaining six months.

We still maintain what we gave at 10% order inflow. That guidance is still being maintained.

The overall P&L margin last year was 7.4%. So we have managed to bring a 20 basis points improvement.

Discussions have started. That itself is a positive development.

We still maintain what we gave at 10% order inflow. That guidance is still being maintained, but you can have some amount of order prospects getting deferred and something we have lost also in that particular segment.

The drop is largely witnessed in the Hydrocarbon segment, and I would not like to specify answer to a particular customer. I think there has been some amount of tendering that has happened where we have not secured.

We are on track to more or less meet our targets at this juncture. I think we have started off very well as far as the margins is concerned.

We are happy to report, for the first time ever, our group order inflows for the year has crossed INR 3 trillion on the back of CapEx tailwinds in the primary geographies that we operate for the projects and manufacturing portfolio, that is India and GCC.

We have realized the hard way, Renu, that it's difficult to predict the customer's response in terms of these claims settlement. They go through extensive discussions. It also has something to do with the budgets that they have had for getting the projects approved.

We are indeed off to a good start in H1, the current year, both in terms of orders secured and the revenues achieved during this period.

It would be a fallacy to assume that a large part of orders coming from international orders can have an adverse impact on the margin trajectory.