Bharat Forge Limited (BSE:500493) will look for M&A. Amit Kalyani Joint Managing Director said during the Second Quarter Fiscal Year '24 Earnings Conference Call, "We continue to focus on M&A transactions, largely domestic with strong manufacturing and management capabilities, addressing the India industrial opportunity, but also with the potential to export globally. As our near-term outlook gets clouded by geopolitical crisis, we continue to focus on increasing our market share in the traditional business sectors, execute orders on our defense business, continue with growing our e-mobility part of the business across components, power electronics and repowering. We will leverage our strong balance sheet to do opportunistic M&A in India.

And last but not least, we will work to fix the overseas business profitability with the clear and concrete steps across both steel and aluminum. Thank you very much. I think our team will now be happy to take your questions".