Bhavya Gandhi

Yes , hi sir. Thanks for the opportunity. Sir, just wanted to understand because you've guided earlier for 21% to 23% EBITDA margin. So, for the following quarters, we'll require closer to 23% EBITDA margin on an average basis. Is that really achievable, sir, going forward for the coming quarters?

Got it. And sir, over the years, you had earlier alluded also that you want to increase the R&D spend to closer to 8%. So, on a longer - term basis, on a two to three year basis, this kind of margins is sustainable because R&D expenses currently at 6% to 2% contribution further to R&D expenditure, will it take a hit on the EBIT DA margins going forward on a longer - term basis?

Perfect, sir. And is it possible to quantify the in digenization figure currently?