K.V. Ellen Sarma

“Yeah, we will take all effective steps to improvise the balance sheet by the year end, but during the course of the year, since the seasonality is a major factor where we have to achieve better productivity, better profitability, etc., the changes on a month-to-month basis, year-to-year basis will occur.”

“So, warehouse is one part that we have to see exactly where it is to be located. One or two places that we have identified under due diligence is under process.”

“If I may add Rahul here, that Q3 and Q4 will have a slight increase in respect of personnel costs on account of issue of bonus. In one area, we will give in Q3, and one area we will give in Q4.”