TK Sridhar
Chief Financial Officer
Notable Quotes
We are at the lower end of the percentage is what we want to operate in and we did were doing it at a pretty high levels of 15% dates that probably registered in the mind as a new normal for quite a few the markets but I think we are at the end of the day in engineering industry and so we have our cyclical impacts to be handled.
So what used to be locally developed and which we are using at a cheaper cost which we now need to import. So the base cost itself increases number one. Number two is that you have a forex which is attached to this particular transaction.