Management expects India's GDP growth to be 6-7% driven by infrastructure and industrial expansion, with cement demand projected to grow 4-5% in FY'26. They aim to achieve a 40% market share within four years. Management anticipates returning to a 15% EBITDA margin from Q2 FY'26 onwards. They expect continued growth in the iron-making segment. The company plans to add 2-3 more TRM contracts, potentially reaching 40% of revenue from TRM contracts. They are working on bringing more products to Indian plants from their parent company, aiming to increase local production to 80-85%.

Key risks and challenges include volatility in raw material prices (alumina, chromite sand, fused magnesia), increased competition from imports (particularly from China), pricing pressures in the cement sector, and the potential impact of government policies on steel production and anti-dumping duties. The company also faces challenges in passing on increased raw material costs to customers.