'Update on Capex Expenditure'

EBITDA was INR21 crores at a margin of 30.7%, below both last year's first quarter and our medium-term band of 37% to 38%.

The margin in our Specialized Services business almost halved this quarter coming in at about 10% against roughly 18% normally.

For FY27, we are targeting revenue growth of 20 to 25 percent, EBITDA margins held in the 37 to 38 percent band, and capex of Rs. 80 to 100 Crore.

I continue to hold the 37% to 38% as our medium-term target.

I continue to hold the 37% to 38% as our medium-term target.

Our 20% to 25% growth framework and our order book remain intact.