Hardik Rawat

Thanks for the opportunity and congratulations on a good set of numbers. The question that I wanted to ask was with regards to our margi n expectation in the second half. Now, going by the guidance, second half should see an uptick in both exports and medical revenues. So, what could be some realistic reasons as to why margins should dip in second half versus the first half?

We understand that you are being conservative with the guidance, but like you mentioned in the TV interview that you were there, so this 7% margin expectation is the lower end of our expectations, correct?

That makes sense. That helps. Another thing was with regards to the PLI figure that you gave out. You mentioned this INR15 crores of PLI as cumulative PLI for the first half?