Yeah. Good afternoon, everyone. Sir, first question is on EBITDA margin. As you have said that our revenue recognition to pick up to the presales number. But I think the gap will always be there. So do you think our reported EBITDA margin will always be 25% only rather than 30%?
But sir, do you think like in 2021 we have some legacy project which is a low margin project. So once those projects are over so in next FY27 we will be going to have some better margin?
Sir, my question is on what's our total dependency on the top 2 or top 5 customer? What's revenue percentage we received from them? Subhash Anand: It's not, I'll not say we have a very high concentration in terms of business. Each business is separate, I call it. So there is no point looking at broad question saying top 2 or top 5. So it's a diversified portfolio for each business, and we are spread across.
Okay. And sir, second question, we have talked about in the previous quarter about the value addition, value-added product. What's your thought now? How much we are working on it? And what's the progress now? Subhash Anand: We continue to work on that. In fact, if you hear the commentary, we are very clearly saying the B2C segment, which is reaching directly to customer in our TAN business contributes almost around 14% of revenue. And in our Fertiliser business, the specialty product portfolio, which is Croptek plus, this contributes almost 35% of the revenue. So that journey continues and now we started publishing every quarter that number gets published.
Sir, my first question is on the TAN value addition business. How meaningful is the TAN value addition business for us? Where do we see ourselves in the next two to three years with this value addition services? Subhash Anand: Okay. Currently as we just informed, the 16% of our total revenue comes from B2C segment. In terms of how things are going to span out, Tarun, would you like to add?
If you can throw some light on the EBITDA margin, like suppose like in the normal business of the TAN, our EBITDA margin are this much. And if we are going with the value -addition services that our EBITDA margin for that particular service is this much. It will be better help us to understand. Subhash Anand: No. In fact, as Mr. Mehta spoke in his address, any specialty product or B2C segment do help us to have a price premium. And so this business also, we do have a differential margin portfolio to our normal TAN business to specialty or a B2C business. And that differentiation, we expect to continue because that's where we are adding value and we expect that to go further up, not come down. Because we were at a proof of concept, more we go in commercial, it will improve further.