We are pleased to report that Jai Balaji has maintained healthy performance on a year to date basis, amidst challenging market dynamics. On QoQ basis there has been a decline owing to lower production and sales realisations of some of the finished steel products. We are very optimistic for the last quarter of FY25, owing to get better results on the strategic capex done by the company on its value added products. We continue to be focused on the value chain comprising of DI Pipes and Ferro Alloys, which shall continue to contribute more in the topline as well as bottom line of the company. Despite the complexities of the global operating environment and the pressure on commodity prices due to China's macroeconomic trends, our strategic focus on value-added products and operational efficiencies has enabled us to navigate these challenges effectively. We remain committed to leveraging our strengths to drive sustainable growth and meet the evolving demands of both domestic and international markets.