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For fair comp exceptional it '25 rose to IN revenues jum comes from e our costing a EBITDA to I INR263.8 cro in the range o trajectory. Ne Page 3 of 19 holly-owned subsidiary of Dolphin Offshore, has entered in ith Ballast Shipping, a Mexican company for the deploymen on barge. c move is poised to enhance Deep Industries’ global footprin or, thereby leveraging the strong operational capabilities of its our commitment to innovation and growth, positioning us portunities in the global energy market. is clear; enhance operational efficiency, adopt cutting-edge techn portunities. We are actively exploring production enhancem g of entire gas processing facilities, segments poised to drive s. These initiatives not only bolster our services portfolio, b to India's energy security and economic development. ad, Deep Industries is committed to leverage the supportive poli rket conditions to deliver sustained value. With India's energy er than any major economy, reaching 11 million barrels per consumption forecast to hit 550 million cubic meters per d are immense. We will continue to innovate, collaborate, a or, ensuring that your company remains a cornerstone of India's nvite Rohan Shah to provide a detailed overview of the financi d FY '25. Following his remarks, we will be happy to address a hank you.

exceptional l attributable to at INR2,960 c We are happy to that is 61% on the company a

As we look a future. Buildi maintain this of operationa innovation. T sector.

With this, I no The first ques Yeah Hi. Tha compare quar margins are in So on a quar exceptional it that is the rea full year persp So what is the These are in t These are one Okay. And ou Yeah. Got it. And a Offshore has that the barge like what is th Yes. So in ad CWIP. So put So I'm saying Page 4 of 19 oss, was at INR41.9 crores, up by 17.8% year-on-year. Fo o owners stood at INR161 crores, up by 31.6%. As on date, our crores. o inform that Board of Directors have recommended a final div n the face value of Rs. 5 per equity share, subject to approval at the ensuing annual general meeting. ahead to FY '26, Deep Industries is well positioned for a brig ing on our strong performance in recent years, we are confiden positive trajectory. As Parasbhai said, our success is driven by al excellence, a sharp focus on cost optimization and a steadfa These strengths enable us to seize new opportunities as they a ow open the forum for question-and-answer. Thank you. stion is from the line of Pankaj from Equirus Securities. Please g ank you for this opportunity. So if I see the consolidated per rter-on-quarter, so like the margins of the company is in de n a decline from around 43% to 34%. So like what is the reason rterly basis, as we consolidated newly acquired companies in tems, there are certain other expenses also which were consolida ason particularly for a drop in margin in Q4. If you look from y pective, they are in line. e quantum of the expenses? the range of around INR10 crores to INR11 crores for the quarte e-time, of course. So it would not be a recurring kind of… ur guided margin would be 40% to 43%? also talking about the Dolphin Offshore book. So like this CW reached to around INR222 crores. And I think in the last call, w e renovation expense took around INR110 crores to INR120 c he composition of the CWIP? ddition to refurbishment costs, we included the book value of b tting book value as well as refurbishment costs, it has reached to g like what is the life of this asset? or full year, PAT r order book stood vidend of INR3.05, of shareholders of ght and promising nt in our ability to a solid foundation ast commitment to arise in the energy go ahead. rformance and if I ecline, so like the behind it? n addition to their ated under Q4 and year's perspective, er. WIP of the Dolphin we were discussing crores, maybe. So barge as well into o this level.

Yes, it would And also in y Beluga Intern what kind of i Yeah. So that acquired one would be addi Got it. And o crores of exce was on accou it comprise of Yeah, it is p recoverable. Okay. So like Yeah, yeah. T in consolidati Do you have a Yes. So that challenged th has now appe Okay. And ju result in back acquisition? Yeah. So sinc margins, we c Yeah hi, good

These are non-cash items. And it is just an accounting effect, w on. any update on INR108 crores of ONGC arbitration award? -- out of that INR108 crores, 75% we already have received. at arbitration into civil court where again, we got order in our ealed to a higher court. And so we are waiting for higher court to ust one more question. Like you have mentioned that the Ka kward integration. So like what kind of margin benefit we can ce many chemicals and fluids would be useful, so we believe can have an improvement of more than 2% to 3%, at least on a m stion is from the line of Viral Shah from Ambit Wealth. d evening Sir. , a couple of questions. One, auditors have given opinion. So it i ired entity right, Kandla and Dolphin, right, that is what... like our subsidiary F Hunter. So like r this JV, we have uld be 37%. So it ed around INR250 ave mentioned that ng exercise? Does es, which are not we'll have to take it . And ONGC had favor. But ONGC o get it cleared. andla Energy will n expect from this e in our operating minimum side. is pertaining to the

Could you ela opinion on to Since this acq evaluating tha take all those recoverability are continuing See, our acqu receivables in maximum ben Got it. So as o done and dust So as of now, whatever is re will take the recovered. No, no. So ag expectation w So as on date, And for both Kandla there Yeah, yeah. S So surprises, acquisition. S And you did m add them back Ok got it so... See, at the en INR9 crores their receivab can give us a Got it got it. U the update on Page 6 of 19 aborate more into this matter? What is it related to by auditors this on the receivables front. quisition happened in only last day of the financial year, so we at receivables in full. So currently, as on 31st March, we belie receivables to next financial year because without evaluating an y, we should not take any action. So with regards to receivabl g them. uisition cost for taking Kandla is very miniscule against what n all other properties and experiences. So we would defin nefit out of it. of now, when you look at this provisioning which we have done ted or there is something more expected going forward? , whatever provisioning we have done, that was very clear from equired, we have already provided. And with regards to this oth decision based on our evaluation, and we believe that majorit greed. So as of now, we have made the entire provisioning or th which can come in, whatever the assessment which you want to c , whatever was required, we have done entire provision. h the thing, right, Dolphin and -- so Dolphin there can be n can be some expected. Is the understanding correct or no?

So I think for both of these companies, whatever was required, w I'm not sure for any of them would be there. But yeah, at the o post evaluation only. mention that there are INR11 crores or INR12 crores of extra ex k, you are at the same margins of last quarter, right? Is the under

nd of day, acquisition cost for acquiring both this company p for us. And so against INR9 crores, these two companies wit bles and their experiences with their assets is coming in. So we great amount of push going forward.

Understood, Rohanbhai. So lastly, two more questions from my this product enhancement contract? Where are we, ONGC? s have given some e are in process of eve that we should nd finalizing on its es for Kandla, we we are getting as nitely try to take e, so everything is m upfront like, this, her provisions, we ty of them can be here is some more continue? no more surprises, we have provided. end of day, it's an xpenses. So if you rstanding correct? ut together is just th their properties, believe these two y end. One, what is

In production of April. And our control. A have started a take 5 to 6 m incremental p That was real expected. Cou expected? An We have men already out. S out very soon is the biggest reliant and w there are imm Got it, Parasb for this first h I think there i some number numbers will Got it got it recovered wh can be reverse Something ca Reverse posit well, somethin No. Not from

Not from...Got Yeah good aft

ve -- you may see go forward, these m, which we have ity that something sitive part of it as e. onal numbers. ent coming up this hen Dolphin barge uisition, the recent

acquisition of 26? And of co So our expect on a very con 30%. And ou the same ratio Great. And si from INR276 Kandla Chem Correct. So w number is prim crores on thos behind acquir the networth done, actually No. So even a has increased the primary ra with regards hydrocarbon management a chemicals and backward inte operating mar

And with rega Indian Ocean services. I want to und company. So the recent acq And how muc These receiva acquisition of Page 8 of 19 f Kandla. So what kind of revenue growth do you see in this cur ourse, profitability, what is your guidance for this year, current y tations with the kind of order book that we have, we are very, ve nservative side, we expect a minimum growth year-on-year of 25 ur profits would always -- should be in line with what our curre os as we go forward to 20% to 30%. r, as I look at the consol balance sheet, so your receivable numb 6 crores to INR588 crores. I believe that is a receivable of that micals. we have categorically given note for these receivables. So as yo marily because of the receivables of these two targets which we r, now we have to take INR250 crores hit and we have spent, I se acquisitions. Of course, you have explained, but can you elab ring these two companies and taking the heat on the balance s of the main Deep Industries will be affected? How this entir y? after taking this onetime loss, net worth of Deep is positively a only. So even after this hit, net worth of Deep is not affected ne ationale for acquiring these two targets is more related to busin to Kandla Energy & Chemicals, they were into manufac fluids and chemicals. And as you are aware that in our and under production enhancement contract, we are consumi d hydrocarbon fluids. So by acquiring this, this can be a goo egration by which our operating margins, we have an opportuni gins significantly. So primarily, that was the reason for acquirin ards to Dolphin Shipping, they are already having a few tugs ru s. And by that acquisition, we can immediately increase our fle stion is from the line of Raman KV from Sequent Investments. derstand working capital cycle and as well as the receivables w my understanding is INR363 crores of receivable is of the com quisition, right? ch of this is like within 90 days and after 90 days, like... ables are old receivables of old management. So we have rece f these companies with miniscule costs. urrent year, of '25- year? ery confident. And 5% or maybe even ent numbers are in bers have doubled t recently acquired ou rightly said, the have acquired. I think, only INR9 borate the rationale sheet? So whether re transaction was ffected only. So it egatively. Second, ness expansion. So turing of various integrated project ing so many such od opportunity of ity to improve our ng Kandla. unning already into eet in our offshore with respect to the mpany adjusted for eived this with our

No, no. I'm Industries rec days? So if you rem Deep and oth 70% to 80% w to the invento receivables fr FY '26? Or is No. So we ha we have rec supporting we as well. that -- Dolphi the Dolphin O FY '26, we ar this if we will crores. Okay. Thank Please go ahe

I understand w And how muc is there any de Okay. As far the sector. So ONGC or Oil prices going w Page 9 of 19 talking about the company level receivables, okay, INR363 ceivables, how much of this -- what percentage or percent of th move that INR363 crores, then balance receivables are my regula her subsidiaries. And majority of them would be 90 days. I wou would be 90 days and balance would be more than 90 days. r, my question on the write-offs part, sir, you did say the write- ory and receivables and it's like a non-cash items. So are we -- w ront, are we expecting this INR208 crores of receivables in the it like you have totally written-off the INR208 crores of the rec ave kept those receivables outstanding because evaluation is go ently acquired and taken control over the company, so al e are going it through. And we are quite hopeful to recover out r, my last question is with respect to the Dolphin Offshore reven in offshore in Q4 did around INR20 crores of revenue, can we Offshore revenue to be around INR120 crores? re expecting revenue of almost INR100 crores, for sure. we ca l add a few more projects in Dolphin. But as on date, we are fo you so much.

The next question is from the line of Mr. Balasubramanian from ead. g Sir. Thank you so much for the opportunity. Sir, my first q e oil prices are hovering around $60 per barrel. Generally, if oil y difficult for like oil exploring companies to make money t the scenario, is there any slowdown of getting new contract acts? we have around nearly INR2,900 crores kind of order book at ch is from short-term and long-term contracts, is there any exec elay getting in new contracts? This is my first question, sir. as the sentiment goes, as I had mentioned earlier, there is a lot o the theory goes that even -- see Government of India large l India, they have a mandate to keep producing oil and gas i way low or bit high because their endeavor is always to produce 3 crores of Deep is receivable is 90 ar receivables from uld say more than off is with respect with respect to the e coming years in ceivable? oing on. And since ll documents and of this receivables nue. We have seen expect in FY '25, an book more than or sure for INR100 m Arihant Capital. question regarding prices goes below y. I just want to ts or execution of this point of time. ution of this? And of excitement into ely companies like irrespective of the e oil.

Now 20, 30 y they have bee we have seen

And as we go go low, it give go up they w reasonable rat this diplomat investments.

Thirdly, our c years, the pric are fixed for they have to conditions we any of these c

Got it Sir. Si capex? And w See primarily would be for in this financi all put togeth quite comfort ahead with QI Please go ahe Hi. Thanks fo that Dolphin INR281 crore comes to aro recognized by So is that und Yes. So you h EBITDA. I w Got it. And depreciation? Depreciation, Page 10 of 19 years, we have seen that the drilling activities as far as the PSU en following a very strong mandate of energy sufficiency. So that this is -- the scenario has not much impacted to the PSUs. o ahead with the private sector, I think when the crude oil prices es a great opportunity for them to do a capex because whenever ould be still able to get all the services and everything and oth te. It is nothing more than a deferred capex. Those who have an tic understanding, they would definitely keep going and we contracts are of a fixed-price nature assuming that we have a con ces may go, it does not have any impact on commitments and o that period. And therefore, we are not impacted on the crude go low or even if they have to go high. But we believe tha e have seen in all these years, our businesses have not been im changes. r, my second question regarding capex of INR500 crores for we're also planning for QIP and when we are going to close for t y, we would be doing capex of INR500 crores, of which more th equipment. We would be adding a few more rigs and other proc ial year. And we are also evaluating a few opportunities of acqu her, INR500 crores is our plan for this financial year. But havin table on our liquidity position. So we would definitely look fo IP.

The next question is from the line of Nirvana Laha from Ba ead. or the opportunity. Sir, my question is regarding the DP2 Bar n Enterprises -- Dolphin Offshore declared, it said that the es of net of opex over three years. So sir, does that mean if I d ound INR94 crores. So does that mean that from this contr y Dolphin Offshore would be around INR94 crores? Because it derstanding correct? have rightly understood it. So since it is net of opex, almost the would say almost, but yes. sir, what will be the estimated cost below EBITDA in term interest cost and administrative costs would be there. Us are concerned, in all these years, s, assumingly they r the prices have to her costs at a very n understanding of e keep doing this ntract for the three our services. They oil prices, even if at in either of the mpacted because of this year, for this hat? han INR350 crores cessing equipment uisition as well. So ng said so, we are or good time to go adrinath Holdings. ge so the contract contract is worth ivide it by 3, that ract, the EBITDA t says net of opex. revenue would be ms of interest and

Any idea on PBT? Would be a li quantify as of Okay. And si purposes? So Dolphin O would be boo I look at H1 c consol equity numbers that what we actu INR550 crore balance sheet Correct. It is m Okay. Last q tugs, which a commentary, So they have we'll have to s Okay. And yo improving EB these acquisit Yeah, yeah, th we will defin grown this ye envisaging gr Okay. Alright go ahead. Sir, on this P what is the qu Page 11 of 19 quantification there, sir, I'm just trying to see how much tha ittle early to say, but would not be much. So percentage -- it w f now. ir, how much losses are left to be set off in Dolphin Offshore a Offshore India has more than INR100 crores carry forward loss oked in Dubai. So there, we will have a tax of 9%. r, for this regarding this exceptional item loss, so can you clarify consol equity for Deep Industries, that is around INR1,500 crore y is around INR1,820 crores even after this write-off. So if I jus INR320 crores plus INR250 crores, so is it correct that by pay ually initially added for our book value of equity was around es. And from there, we have taken INR250 crores write-off to ar . Is that right? more or less what you are saying is right. question, sir, in Kandla Energy, Dolphin Shipping you said th are operating. Those are the operating assets. In Kandla Ener what are the kind of operating assets that we have gotten from t factory land and machinery. So we'll just have to revive tha start working on it. our earlier guidance, sir, of 40% revenue growth for FY '25 a BITDA that holds even after this write-off and then you're com tions, there are no changes in those kind of guidance? hat guidance will continue to be hold because based on our ex nitely be growing on -- See, if you see on operational revenu ear 35% and that is what exactly we were envisaging. And for FY owth of more than 30%-or-so. So that growth will continue to b t Sir. All the best, thank you.

The next question is from the line of Deepak Poddar from Sapph Prabha that expected to generate additional revenue from first uantum, I mean, per quarter, this can add to your revenue from q at flow through to will be difficult to as a whole for tax s, but this revenue y something? So if es. And FY '25 and st subtract the two ying INR9 crores, INR500 crores or rrive at the present hat there are some rgy, I missed that this acquisition? t machineries and and maintaining or ming to terms with xisting order book, ue front, we have Y '26, also, we are be there. hire Capital. Please quarter, right? So quarter...

It is primarily Q1. So we are So in this con Correct. 330 d Okay. So giv revenue will s Yeah. Of cou from barge w from Q3 start Q growth is a Quite possible 2. And from s And what wou So our prima INR70 crores In H2, that is Okay. So sir, kicker will sta No. So our ex of Q2. result of the a if you're expe revenue grow Yeah. So PA would definite But how much I just expect improve furth Page 12 of 19 y $30,000 a day. So proportionately we'll definitely have reve e expecting more than almost 55 to 60 days revenue from Q1 an ntract on a yearly basis, you will have a revenue of more than 33 days yearly revenue at $30,000 per day? ven this kicker in your revenue, I mean, do you also expect a see improvement from fourth quarter to first quarter? urse. So quarter-on-quarter, growth would definitely be there be was not there in last Q4. So it would definitely be added . And ting will have additional revenue from production enhancement also quite visible. e, right, on Q-on-Q? Because this first quarter, you will have a second quarter onwards, you will have a production enhancem uld the production enhancement additional revenue that can kick ary estimate says that in H2, we can have a revenue of around from production enhancement. about INR35 crores to INR40 crores per quarter. , in second quarter also, you expect a similar jump. I mean art, right? xpectation is it will take Q3, but we are trying, if we can get som stion is from the line of Rajesh Jain from R&K Capital. g. You mentioned that you are expecting an increase in opera acquisition of Kandla Energy. So how much increase you are exp ecting an increase in the margin, so then the PAT growth must wth of 25%, 30%, right?

AT will definitely improve in line with incremental operating ely be reflecting in PAT as well. h improvement you are expecting in the operating margins, how that it should improve more than 2% from first year and then her too. enue starting from nd then definitely. 0 days. quarter-on-quarter ecause the revenue d from Q2 end or as well. So Q-on- a benefit of Prabha ment benefit, right? ker in? d INR65 crores to that's where your me revenue in end ating margins as a pecting? And then t be more than the margins, and that w many bps? n probably we can

Okay. So you And sir, how See, tax rate f would be 25% Okay. Fine. A The bidding expecting -- in bidding pipeli Sir, the order duration? And So out of INR years. And ba Yeah hi. Tha liabilities also No, since one been cleaned Understood. A has that asset manufacturing and machine commercialis No. So you a we'll not be a that would no Okay, underst or what sort o See, primarily addition to ba Okay. And th mean... Page 13 of 19 u're expecting a 2% increase in FY '26 in the operating margins a much tax rate should we estimate for FY '26, blended tax rate fo for my overseas revenue from Dolphin would be 9% and my en %.

And sir, like what is the bid pipeline now? pipeline as of now is somewhere around INR550 crores-or n fact, we are bidding almost every month, we are bidding 1 or ine would continue to be there or will be growing. r book that you mentioned, INR2,960 crores, that is executabl d in particular, how much order book is executable over FY '26 R2,960 crores of order book, INR1,400 crores is executable ov alance, you can consider 2.5 to 3 years. stion is from the line of Manan Shah from Moneybee Investmen anks for the opportunity. Regarding these two acquisitions, are o in these or the liabilities have been written-off? e acquisition is from CIRP and another is from liquidation, so off. So it's a clean-slate.

And this Kandla, which we acquired, was that an operational as not been operating? So I mean, I don't think we will be able to g from that asset, right? We'll have to invest something into tha ery to revive that asset or it is an asset that we can i ing? are right. So they were non-operational for, I think, more than able to immediately start them. But yeah, we'll have to do som ot be much. tood. So but, I mean, this asset is capable of then generating wh of capacities does this asset is capable of? y, our focus is to first, try to take benefit out of backward ackward integration, whatever market we would be doing is still he receivables that are there for Kandla, what type of comp at a consol level? or the full year? ntire India business r-so. And we are 2 projects. So this le over how much and FY '27? ver a period of 10 nt Advisors. e we carrying any all liabilities have sset or since when straight away start at -- into the plant immediately start 2.5 to 3 years. So me work on it, but hat sort of revenue integration. So in under evaluation. panies are these, I

They are large Indian compa Yeah, would b But these chem Yes. So they h

Okay. Got it. Th Page 14 of 19 ely Indian companies. anies only. Okay, who would have a similar profile like us? be many like whoever is consuming chemicals and fuels. micals, you mentioned primarily get consumed in processing of had a variety of chemicals. A few of them are primarily for our ood. stion is from the line of Parin Gala from Mavira AMC. ion was relating to the accumulated losses of the acquired entiti stion. But what I understood is Dolphin has a INR100 cro loss. Is that correct? phin Offshore Enterprise has this accumulated loss in income tax w about the second acquisition of Kandla? not have much accumulated loss. That's in few lakhs. cond question is regarding the Dolphin. So from the existing -- a minimum of INR100 crores of revenue in FY '26. So this is we already have that in operation, right? So is any spillover fro o '26, plus we are expecting INR100 crores or INR100 crores is o e spillover from '25 and then balances, it would be like from t would be getting profit from our joint venture as well, where w ing tug. So since it is a JV with 37% stake, it would not come , but it would have a contribution at profit level. Sure. Thank you Sir. stion is from the line of Vimox Shah from Goyam Labdhi Fintec or the opportunity. Yes. Congratulations for the good set of num s were answered earlier, so I have just one question, sir. C the nature of capex required for these PECs over the next few y he overall FY '26 capex plan?

PEC would largely be in laying in connecting wells as well a y, that would be the capex. And other than that would be o ve planned, we have considered PEC full capex in that as well. hank you f gas, right? kind of business. ies. Sorry, if that's ore carry forward x, yes. - you said that we in addition to the om the current FY old plus new? this barge. And of we are having that under line-to-line ch. mbers. So most of Could you please years? And how it as for drilling few opex. So whatever

answered. On performance h there a ballpar See, direct ba market, we w it is not somet And also, we Yeah. But do No, no. So tha Yeah. So is it the QIP, is tha So currently, believe. Other And one thing sheet. It is -- a have kept as r sheet? Yeah. So it's out of that tot be a possibilit Yes. And wou Taxes, I woul for that partic

my questions was bout the QIP, our come down. So is P? ly, in this type of ont. And so for us, for a good time. e QIP? ou can also forego . That is what we en in your balance But whatever you s in future balance verability. And so er all. So there can s a whole. But yes, and that we have a and INR251 crores rms of top line and an INR200 crores, . Secondly, as we are quite a decent ns. So in terms of

value or perce we have paid.

Okay. Thats th Yeah hi, Than land in Kandl So land is hav Okay. So not Yeah. And also, ca exceptional lo Sorry? Was this loss No. So they h recover a few written off. S paid INR2 cro

Okay. Sir, jus said that the b offshore segm stress because impact, sir, on In offshore dr submersible. global and all are not focusi And one last q order book, I INR284 crore Yes, it is inclu Since last 1 t contracts gett pricing compe If you'll see o are so many, how our tradi So generally w Okay. Got it, ahead. Thanks for th contract, wha going to enha there are no si We have done view that we or doing air in our understan able to enhan are going to e

Secondly, ma already have t Page 17 of 19 st one off-topic question. It's regarding the latest offshore jack-u bidders were like offering for like $35,000, $45,000, so is it act ment like the entire segment or if that's a technical blip? Are t e of crude oil going down and bidding rates going down? Is t n offshore? rilling, the market is global and offshore drilling rates be jack These rates are largely directly linked with crude oil price beca l global players are competing with each other. And that is the p ing on those offshore drilling equipment. question regarding the traditional services, sir. So this particula I think it also comprises the Dolphin's INR284 crores order es? usive of INR281 crores of Dolphin. to 2 months, we have in time like last 2 to 3 months, we have ting awarded. So are we waiting any tender getting awarded, s etition or something like that? our traditional service contracts are not that big. So they are -- but individual contracts are having value, which is not that sig tional services business operates. And those small contracts, we we tend to announce the contracts which are material in nature i sir. Thank you. All the very best and that’s it from my side.

all net debt p this field for t geology aroun

So the produc 10 years -15 y would enhanc would be a co able to get the But is there a line, there is How is the ag By the virtue agreement alw kind of contr We've been c equipment, fa So, therefore, party to term parties. So go be with any co Just you had m Kandla Energ improvement expecting thro say, around I crores to INR

So you are ex will be makin crores within So we had m existing thing immediately r be done on th will definitely

rores for acquiring u how many bps rovement you are le revenue of, let's to around INR12 this company, you 2 crores to INR14 ave to do with the with INR2 crores ents, which would if that is done, that u see the example Dolphin also our ore than what our l those stuff. So in

the companie always a good How much ad One is we are crores, not ev Okay. Then i concall, you EBITDA, but net -- which h ever revenue highest ever n quarter? No, it was n exceptional. B what we have So our numb meeting what Thank you. L conference ov Thank you, ev any further qu connect us. W On behalf of D and you may Page 19 of 19 es where you tend to acquire from liquidation or from a CIRP d amount of possibility to get that kind of profits. So it is not new dditional investments you may need to make in the Kandla busin e working towards it, but my gestimate would be that it would b ven that much. it's a super acquisition, sir, I must really congratulate you. S had mentioned that FY '25 will not only be the highest e t also the highest ever net profit in the history of the company. has been impacted by the onetime loss. You have obviously del and EBITDA and if not for the exceptional loss, maybe you wo net profit also. But -- so was this onetime write-off not decide not decided in the previous quarter. And as you very rightly But if you have to bar this onetime loss, which is a noncash thi e committed in January, it is absolutely same what we had com bers in terms of our top line or EBITDA or maybe even ou t we said in January.

Ladies and gentlemen, that was the last question for today. ver to Mr. Rohan Shah for closing comments. veryone for joining this call. It was pleasure interaction with yo ueries, you can definitely approach us through Adfactors PR o We would be happy to answer all your queries. Thank you.

Deep Industries Limited, that concludes this conference. Thank now disconnect your lines. P process, there is w to us now. ness? be less than INR10 Sir, in the January ever revenue and Now which is the livered the highest ould have done the ed in the previous said that it is an ng, if you see that mmitted in January. ur bottom line are . I now hand the ou all. If you have or you can directly you for joining us