Vidrum Mehta

I just wanted to understand on the margin front. If I look at quarter-on-quarter, that is Q4 of FY '26 and Q1 of FY '27, the margins are more or less stable. But in terms of segment -wise mix, HPP plus CDMO, if I add up, it is around 69% as against 62% on a quarter -on-quarter basis.

So, on a normalized run rate basis, how should one expect margin over the next one to two years?

Sir, just one more thing on the capex front. Over the last five years, we have roughly spent more than INR3,000 crores. And in the coming three to four years, we are again going to spend around INR3,000-odd crores. So roughly INR6,000 crores of capex is what we are doing over a period of seven, eight years.