Praveen Kumar

Yes. I had a couple of questions. The first one was on the cash crunch, the cash supply crunch which you talked about. The question was, how much of it do you see as being transient versus being more structural in nature? Or do you -- I mean, for example, do you perceive it as a behavior change from banks and RBI?

My question was on the EBIT margins. I mean, while on a Y -o-Y basis, EBITDA margins are better. But due to the higher depreciation, EBIT margins have been lower. So I just want to get a sense of where do you see the fruits of the investment coming through and improving our EBIT margins back, hopefully back to the FY25 levels?

Understood. My next question was on -- broadly on capital allocation. I just wanted to get a sense of how are you thinking about capital allocation at this point in time? I understand that you have referred to spending more on technology, and investments in technology from here on.