Good afternoon sir. So my question is that our MHE division margins fell this quarter, so wanted to understand how much of that is from product mix change and how much is from the higher costs? My second question is that our 29% of our revenue is coming from international markets, so I wanted to understand does this business carry higher margin profile than the domestic business?
Sir, what should be the sustainable margins for MHE division going forward?
Good afternoon, sir. So, my first question is that we are expecting Platinum families to grow from 211 level to about 450 to 500 over two years. So, I wanted to ask what is the Quarter 1 update on that number and how much is the contribution from them? My second question is that clients from less than INR5 crore s bracket upgrades themselves to INR50 crore s bracket. So, I wanted to understand at what rate does that happen? Every year how much of the first bucket upgrades to the second bucket?
Sir, yes, so basically clients from less than INR5 crores bracket upgrades themselves to INR50 crores bracket, which is our target market. So wanted to understand that at what rate does that happen? Like every year how much of that first bucket gets transferred to the or upgrades themselves to the second bucket?