Ishit Desai

Yeah. Thank you for the opportunity and congratulations on a very good set of numbers. Back to the previous participant answer, you mentioned that the net debt position as of now is about INR 14 crore. And at the end of the year, we are expecting it to be around INR 75-80 crore. I mean, given that at 31st March, we were at about negative net debt of about INR 65 odd crore.

Understood, Ronak. I mean, just trying to understand that, is that Q2, Q3 typically are better in terms of collections or larger number in terms of collections and hence the net debt addition won't be very strong incrementally. Is that correct?

Understood. And just to understand on the ROCE and ROE numbers you mentioned in the presentation, so how exactly are we calculated for Q1 FY27? Is it on a trailing 12-month basis for the profitability?