The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Abhijit Mitra - ICICI Securities Limited, Research Division - Analyst
: So the first question is on the EBITDA guidance that you gave of around 19% to 20% for the full financial year with a 50% top line growth. I mean
that implies almost a 22% EBITDA for the last quarter. So just curious, is there some visibility on the overseas locations because 22% margin was
last seen in Q3 FY '18? And with this kind of a raw material environment, is anything changing at the margin to sort of have that visibility of extremely
strong Q4?
Question: Abhijit Mitra - ICICI Securities Limited, Research Division - Analyst
: Okay. Okay. My second question is on the ForEx loss. I think we mentioned INR 37 crores. There is an other comprehensive income loss of around
INR 26 crores, which has been reported for the quarter. So is the ForEx loss also included there, plus other expense line items? If you can just clarify
on that.
Question: Abhijit Mitra - ICICI Securities Limited, Research Division - Analyst
: Okay. So total ForEx plus is INR 37 crores? Or -- so one that is included in other expenses, INR 37 crores?
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JANUARY 31, 2022 / 5:30AM, SLIN.NS - Q3 2022 Solar Industries India Ltd Earnings Call
Question: Abhijit Mitra - ICICI Securities Limited, Research Division - Analyst
: Okay. Okay. Great. The third question is on the defense EBITDA. Now we have done a run rate of INR 72 crores or around INR 70 crores in the coming
quarter. So have we sort of broken even on that business for the quarter? Because I think the previous run rate was INR 65 crores, INR 70 crores,
around this run rate only. So I just wanted to check.
Question: Abhijit Mitra - ICICI Securities Limited, Research Division - Analyst
: Got, got it. That's clear. Second -- actually fourth -- sorry to ask so many questions. If you can just highlight briefly on Skyroot Aerospace. I think in
May '21, you have taken part in Series-A funding round of $11 million, which they raise and they have been doing pretty good works. I mean we
keep on reading. So if you can sort of highlight the developments that you are seeing there and the valuation that those entity is drawing and the
business potential that you see from there.
Question: Abhijit Mitra - ICICI Securities Limited, Research Division - Analyst
: Right. And we'll see following that. And last, so there is a situation, I think this overseas business is becoming a really big chunk of your overall
revenue now. So please, if possible, start disclosing the volume, the tonnage data like you do for domestic segment, that's really helpful. That's all
for me.
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