Himanshu Aggarwal

Thank you, Ankit. Good afternoon, everyone, and thank you for joining us for the Q1 FY '27 earnings call. I'm Himanshu Aggarwal, Whole -Time Director and CFO of Tara Chand Infralogistic Solutions Limited. I hope you have had the chance to review the results and the presentation uploaded yesterday. Let me be straightforward at the outset. Q1 was a transitional quarter and the reported profit reflects that.

Sure. So thank you for the question, Mr. Rohan. To answer that, as you've pointed out, we've got an executable order book of INR205 crores as of July. And if you would see, as of Q1, we had an executable order book of INR212 crores when we had our last earnings call. So despite there being about INR68-odd crores of revenue in Q1, we -- our order book still stands at INR205 crores.

Yes. So to answer that, we are looking at because with the higher equipment rental component in the order book that we have. So the ramp -up will -- should happen over the H2 -- both the quarters of H2. And also with the -- because a lot of the revenue that is -- the margin that has dropped is because of two specific issues, one being the specialized service , one single project, which ate into the margins and then…