Removal of ADD would impact prices max by 10-11% as most of the Chinese imports were coming from Chinse solar glass supplier having lowest ADD per recent concall except below
I guess Malaysian and Vietnamese imports would reduce and Chinese imports would go up due to removal of ADD on Chinese solar glass suppliers (No need to supply from Vietnam since chinese parent company can supply directly). But some module manufacturers have to buy solar glass from Borosil to take care of domestic content requirement.
Going forward, considering this as well as benefits of economies of scale post SG3 commissioning, I expect EBITDA margins around 28% and FY 23 EPS flat as compared to FY 22, even though much higher sales (to to additional capacity)
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