Hardik Gandhi

So, I have two questions. First, I think we put out a very aggressive guidance on the margins. And after such, in the last quarter, right? And this quarter, when I am looking at the margins, on the EBITDA level, we have dropped. So, what is the reason for that? And do we have to look at it on a year-on-year basis? How do we go about that? That is my first question.

A follow-up on the global business. Just wanted to know that if we are able to expand our offerings to new banks or are we just trying to cross-sell to our existing clients?

So, I just wanted to know on the traction. Because we earlier mentioned that we are far ahead compared to the global peers. Our technology is far advanced given that our quick adoption of UPI and other technology in India. And we mentioned that this will be the low-hanging fruit for us to capture the global banks in different countries. And I think that we have not been able to tap as successfully.