Yash Gupta

Congratulations on the good set of numbers, sir. First question on the cash flow side. Currently, we are having a total debt of INR5,000 crores and some capex need to be paid out in maybe Q2, Q3. How you are looking at next two year down the line, this debt number going to be? And are we capitalizing any interest cost as of now?

Sir, in this both the project, what kind of working capital requirement we are seeing, like suppose in FY27 mean -- we make free cash flow of INR2,000 crores, and working capital would be like INR1,000 crores or INR1,500 crores requirement? Subhash Anand: I'll say both of these businesses are not heavy on working capital. They are more B2B business and they don't have very high working capital.

Okay, sir. And how you're looking at FY 27 to end, like we have started on a very high note of INR500 crores of PAT. So, what's our expectation to end this year? And we are expecting Q3 and Q4 to be like a little more heavy on the new capex side? Subhash Anand: It's a simple thing. The things which is going to play in next few quarter, if you see, and I'll again go back.