T. K. Sridhar

The good part and the more positive part of it, which we are all looking forward to, is the development in the orders and which is going to give a good runway for revenues in the coming quarters.

We have had quite a good experience during COVID period, wherein a lot of supply chain disruptions came and we had to pass on some costs to the market and which we did.

We had a clear advantage of 1%-1.5% in which we used to claim a price minimum, which is no more, which is not there at this point of time.

The government keeps moving these particular dates... There is no definite saying that it will close at this date, come what may.

I think a trajectory in at the back level, we're talking of between 12%-15% still feels good, right? I think, I believe that, if we have volumes sitting in more than what we are doing today at 6%, 7%, probably that should give us an extra mileage to manage and do a margin accretion.

I think a band of 12%-15% of that level is what we would like to look at.

We have a good visibility of our good news for the next three to four quarters to come in because we've been executing a bit over time.

We are in a position where we could take leverage of the investment climate, which is developing in front of us.

This very strong material cost reduction has happened due to 3-4 factors... higher services and higher exports, localization and SCM savings.