• Fuel switch status: Following a seven-day disruption to one moulding line at the Solapur unit caused by LPG shortages, operations have returned to normal after transitioning to liquid fuel.
• Margin guidance: The company is holding to its previously issued margin guidance of 11% to 13%, insulated by back-to-back pricing escalation agreements with customers that have a one-quarter lag.
• Customer demand: Demand across the automotive and tractor segments remains strong without slowdowns, offering an opportunity to increase shipments as clients prioritize uninterrupted supplies.
• Supply chain risks: While imported Australian coking coal and current liquid fuel supplies are stable, prolonged geopolitical conflict remains the primary operational risk to overall fuel and input availability.