Hi Mukul,
What I think is existing orders in their hand were based on old raw material prices. So margin got decreased due to higher raw material and semi conductor prices.
On the other hand, many tenders were cancelled to upgrade from 2G to 4G network. This reduced/delayed their order book. They do not want to put more resources and complete the existing order and run out of order by paying higher semi conductor and raw material prices. So, the capacity utilization is low at the moment.
Once they get favorable raw material prices and order visibilty, they will ramp up production & complete old orders. Then capacity utilization will improve.
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