Although half of the quarter saw no supplies, the situation was further escalated by the taxation impact of various states. However, June saw 57% de-growth in volumes compared to 77% for the quarter, which also saw reduction in taxation levels by several states. West Bengal, Odisha and Andhra excise hike was more impactful than other states (90% volume decline in the east). UP saw decline of mere 46%. However, with further opening up of the economy, we expect the situation to normalise in the medium to long term. The company continues to remain virtually debt-free...