Earnings Call Transcript regarding disucssion on Financial Results Q1 FY27 is enclosed.

AI summary - Q1 FY27 consolidated revenue grew 24.9% y-y to INR433.4 Cr; PAT up 23% to INR39.6 Cr - EBITDA margin at 15.1%, down from 16.1% y-y; impacted by maintenance shutdown and higher freight - Chromium segment shifted to higher value-added derivatives, improving margins and product mix - Barium segment EBITDA margin impacted by one-off INR8 Cr expense; sustainable margin expected at 25% - South Africa mining operations expected to start in H2 FY27, aiding margin improvement - Capex of INR200-250 Cr planned for FY27, mainly for DMSO, chrome oxide green expansion, barium backward integration - Logistics cost rose to 9-10% in Q1, expected to rise to 20% in Q2; company working to pass on costs - Long-term supply agreement for Chrome Oxide Green signed, providing volume and margin visibility