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welcome back youamp;#39;re watching the small and bitc cap show well um Gujarat State fertilizers chemicals came out with its q and FY 25 earnings where Revenue was up around 5% Aida down around 2 22% margins have taken a hit from 6.9 to 5.1% and net profit was down 22% but to discuss how the quarter has gone by and what the um what the entire FY 25 looks like for the company weamp;#39;re joined by Mr SK Bacha senior VP finance and CFO of gsfc uh welcome to the show Mr bajpai uh my first question to you is that um you know margins have docHubly taken a hit and I understand that this is on the back of raw material pricing going up and subsidies that have docHubly gone down so I wanted your outlook as to um how this will Shape Up overall in fi25 well you rightly said that the in fertilizer industry the subsidy plays a vter load in deciding the margins of the fertilizer companies and the fer this subsidy has been down in October 2023 by 35% and in the same promotion th