Hi. Thanks for the opportunity. Murad, just one question, like, in the introductory remarks, it was mentioned that the two new capacities are now onstream and should deliver revenues this quarter onwards. If you can just give us a quick update on the connectivity side, and how things are now commercially operations are on, and how sequentially EBITDA can improve over next few quarters.
Okay. Thanks.
Congratulations, Chiranjeev, and the team for a robust set of numbers. Just give us some idea about the current pricing in the market on both module and the DCR sales site.
Okay. So it's around $0.16, the sales for the DCR market currently?
Hi, ma'am. Thanks for the opportunity. I just want to understand if I recall your commentary in the previous quarter, you were sounding really confident on the PBT margin expansion trajectory of 200 to 500 bps as utilization levels will inch up in the new aircrafts. So given that background, we have seen a decent 9% growth in top line, but we have seen sequential decline in gross margin level also and also at the EBITDA margin levels, which is making the PBT margin looking like 5.5 closer to that as compared to the earlier trajectory of 7, 7.5 and where it was supposed to go up to around over a long term. But I just want to understand where are we in the journey of margin expansion?
Congratulations for the excellent set of operating numbers. On the same point, INR10,372 crores budgeted by the government for this India AI mission, and it is covering 10,000 or more GPUs. So Lodha Ji, can you share that is this an entire addressable opportunity for us or some part of this would be our opportunity if you can just share your insight on this?
Got it. Just one more thing. We are on a path of very high growth. And clearly your order book, Lodha Ji, is giving a lot of comfort. Just is there any scope of improvement in overall cash conversion cycle as we move forward?