• EBITDA margin target: After Q1 margins fell to ₹2 per kg in the first 45 days due to elevated gas and consumable costs, profitability normalized to ₹7–8 per kg, with management targeting ₹7 per kg and 20% absolute EBITDA growth across the remaining three quarters.
• Volume growth guidance: Following 7% volume growth in Q1, the company targets 20% year-on-year volume growth over the next three quarters, which translates to an estimated full-year growth of 15% to 16%.
• Sanand expansion funding: The capacity expansion at Sanand is progressing well and will be entirely funded through internal accruals rather than debt, supported by ₹110 to ₹115 crore of cash flow generated in Q1.
• High-margin product progress: Multi-stage trial supplies for steel cord wire have commenced alongside discussions with 3 to 4 additional customers, while the higher-margin IHT line is running ahead of schedule to hit optimum utilization this year.