Kamal Pal Hoda

Thank you, Mr. Zaki. You are right. I think the quarter has started with all businesses coming to the party. See, if you see, I think there's been a structural shift compounding across every segment that we are operating. There is this macro trend of conso lidation of vendors by clients at national level to reduce their administrative burden.

Yes. So, like I said, there is this intent of big companies to consolidate their vendor base, and these contracts that we've got in ST EAG are actually tes timony of that. We've got contracts where the large companies want end -to-end operations and maintenance of their very large complexes, power plants to be done by only one single player on an outcome basis.

Yes. So, telecom, you are right. I think we had a soft quarter 1, but we see some early signs in the month of July of new rollouts coming in for almost all large players. So, we are hopeful that the second half of the year including quarter 2 for telecom should be better, and which means telecom as a whole for our portfolio should do better year-on-year from an overall revenue and EBITDA standpoint.