Prabodh DP

My first question is on the EBITDA margins seen in context with the gross margins. As we've seen the gross margins have held up and this is despite a larger contribution from the McNally side, which is at a lower level.

So it's a function more of the utilization capacity that builds up over the years?

There aren't any kind of costs like logistics, for example, that's a little front loaded and as the year goes on, it wears out.