Gauri Shankar Dalal

A couple of queries I had. Sir, first of all, EBITDA margins have expanded sharply to around 68% of net revenue versus 47% a year ago. So what would be the sustainable margins post all the investments into AI and platforms have been done?

Okay. And apart from this, as you have mentioned, the gross revenue target for the entire financial year, you have -- it's just an increase of about 35% to 60%, from INR 8,000 crores approximate to INR11,000 to INR13,000, But the EPS is flat. The guidance in the EPS part is flat. So considering the PAT margin of 57%, the EPS should have grown by around 20% or so.

Sure. Got it. And on this, I had one more query, The net revenue has declined around 2% year- on-year and 1% quarter -on-quarter. Can you give us some reasons in the favor about the net revenue figures?