Vibhav Khandelwal

One quick question on the gross sales that we've done this quarter. We've seen that FY26 Q1 had a slightly higher base, but besides that, is there any reason why the Q1 gross sales that we've seen is a slightly softer number? And the second question was regarding the CEO position. If I heard correctly, Mr. KRS and Mr. Sunil will be taking over in a joint position.

Just one follow-up on the first question. Is this also why, for the last two or three quarters, gross sales and gross profit growth has been slow? So, is it more like a six, to nine-month trend that we're seeing, where because of chip prices going up, everyone has sort of pulled forward their spend on Data Centers, but eventually, if they're going to be spending on Data Centers, at some point they will have to bring…

No, I'm not saying you haven't grown, but if I look at overall gross sales, you grew at 3% in Q3 ‘26, 12% in Q4 ‘26, and now 6% in Q1 ‘27. Before that, you were growing at a much higher rate. Even if I look at gross profit, you grew at 9% and 10% last two quarters. This quarter is higher, but that's because of an artificially low base.