Sir, just one question on margins. There were lot of one-offs in this quarter. So in Q2, how do you see some of these one-offs reversing potentially and the impact of wage hikes that we should build in for 2nd quarter?
Depreciation is the new run-rate, is it?
Hi! First is on the TCV. It appears to me that TCV Y-o Y is little on the slower side. If I look at ACV, TCV on both sides, so is there a spillover or something that you guys are expecting from 1Q? Or is this just a reflection of the current environment we are in and this is the new normal for TCV?
Sir, just one question on Hi-tech vertical. This quarter was a little slow. So, if you could share your outlook on that vertical and if you could split it between, say top client and the rest of the Hi-tech, how should we look at it going forward? Thank you.
Hi sir. I have two questions. One is a follow up of the previous one. So, what is our outlook in top client, given that we have some fluctuations in the 3rd quarter? So should we expect, now that we are on a steady path, or do we expect that fluctuation in the coming quarters, specifically from the top clients perspectives? And, second is related to margins. So there’s this sharp jump increase in S&M expenses over the last few quarters, and therefore, our margin expansion, possibly is not happening in FY24 versus FY23. So, what is your view fr om here on? Should we assume steady reversions to industry margins, or do you think for a few years, you can invest little more in S&M, and therefore, we may resume margin expansion after a gap of few quarters?
Right. So sir, just for my understanding, you are saying Q3 seasonality that we have seen in the past, may not happen given that we have moved to a linear relationship with them?
Sir, I just wanted to understand on the slippage part because of the system migration. Sir, I believe we have this weekly collection model. So when this transition happened, what -- how did it exactly affect the slippage? Like was it like we did not have the group meeting for, let's say, a particular period of time? And just a related question, sir, overall the increase in GNPA is more than rest oflndia portfolio. I think in West Bengal and Assam it has come down. So is it also that the re-transition affected the collection in the other states and not the Eastern states where our focus was higher?
And sir, the related part as to why the rest of the India had a higher GNPA and why we performed better in West Bengal and Assam?
This is on the book to bill ratio. The book to bill is not going up. Could it be because the revenue conversion rates are better? From a pipeline or deal announcement standpoint, are we gainin g momentum or is it similar to the previous quarters?