Ghansham Joshi

Yes. Sir, if we see the last eight quarters' performance, revenue is increasing, but operating profit margin, which was around 24%, 25% in FY24-25. That has gone down drastically to 10%. Can you explain how we are going to again achieve that percentage, and can you give the bifurcation of whether this is purely due to the raw material inflation or it is part of competitive tender pricing, logistics cost, product mix?

So, due to war if the prices are increasing, are we taking any hedging position against the price increase?

Okay. Thank you. That's all from my side.