Concall — clean across the call.

This year is a momentous one for us as we celebrate 30 years of Suzlon. the recent amendment to the wind ALMM procedure by MNRE marks significant policy shift, one that is expected to realign industry dynamics by providing a level playing field to all participants and strengthen supply chain resilience. We ex pect the industry to do close to 6GW of wind installations in FY '26. Suzlon setting a new benchmark in execution by delivering an unprecedented 444 MW in Q1 FY '26, which is the highest ever first quarter deliveries in the last 30 years. Our order books surpassed 5.7GW, marking 10 consecutive quarters of growth and reaffirming our leadership across PSU and C&I segments and utility segments. At Suzlon, we commissioned 117MW in Q1, with an additional 547MW of erected WTG currently in the pre-commissioning stage bringing the total to over 664MW With less than 25% of our order book comprising non-EPC projects, where land acquisition lies outside our scope, client-side delays have impacted commissioning time lines. We remain committed to achieving our FY '26 guidance of 60% year-on-year growth across all key performance parameters.

Suzlon reported consolidated revenue of INR<strong>3,117 crore</strong>s in Q1 FY '26 with EBITDA reaching INR599 crores, a robust 62% year-on-year growth. The EBITDA margin improved by 86 basis points to 19.2%, up fro m 18.4% in the same quarter last year. our net cash position stands at INR1,620 crores, further enhancing our financial flexibility and resilience.

Himanshu has decided to step down and he would be quitting as a CFO as on 31st of August this year.