Saumya Raghuvanshi

Good afternoon, sir. Thank you so much for the opportunity. Sir, in the Q3 FY26 call, Reddy sir had said the company was confident of holding EBITDA margins above 30% and working towards 40% long-term benchmark. But coming to Q1 FY27, it came at 26.1% consolidated against 31.4% in Q4. Is 30% still the working flow for FY27, and which quarter do you expect it to be back above it?

Okay, sir. Sir, the consolidated finance cost rose from INR1 crores to INR5.4 crores, and annualized run rate of about INR21.8 crores, which is close to the INR21.45 crores in FY25 EBITDA of the acquired asset. On a full-year basis, is the acquisition PAT accretive after interest and depreciation?

Okay, sir. Got it. Standalone revenue grew from 35.8% to INR35.9 crores, while consolidated grew 70.8%. The gap between consolidated and standalone is about INR9.3 crores. But the executive apartments section shows around INR8.5 crores of revenue. Could you reconcile which revenue stream sit in the consolidated entity versus the subsidiary?