Ankit Shah

Yes. Hi. Thank you for the opportunity. This is Ankit from Canara Robeco AMC. My question pertains to debt and working capital. So, I noticed that net debt has increased sequentially by around INR1,100 crores, and also the working capital has risen because of higher inventory and receivables. So, can you please explain the reasons for this, and how do you expect it to trend for the rest of the year?

Got it. And do you expect the net debt to reduce by the end of the year, or would it remain flattish? And also, the quarterly interest cost, I mean, we had talked about INR210 crores, INR220 crores range. Would that also stay, or that can increase in the coming quarters?

Got it. Thanks a lot, and best of luck.