Apoorva Bahadur

Hi, sir. I hope I am audible. This is Apoorva from IIFL Capital. Thank you for the opportunity. Sir, you touched upon this on the drag which is coming from decline in depreciation, normative depreciation, as well as some regulatory differences. Would be helpful if you can quantify this drag in depreciation and its impact on revenue. How much would that be for this quarter?

Okay, okay, sir. And how do we see this, sir, going ahead, especially because I think depreciation probably will pick a little bit more pace? I recall in the last cycle we added a lot of capacity around 2014, '15, '16 that time, so that would be completing 12 years. How should we think about that, sir?

Sir, if I'm not wrong, this should have been profit neutral, right? Because there's a reduction in revenue and a reduction in the expense as well. Yet, I believe it had an impact on profitability. Could you help us sort of reconcile that, because despite the Rs. 28,000 crore capitalization last year, profits have remained largely flat.