Page 2 of 15 During Q1FY26, the construction industry was suffered by labor shortage and PSP Projects were no different. During the quarter, we faced labor shortage in the month of April-May 2025. And during Q1FY26, there was a 37% shortfall in labor. Now, the good part, at present we are at 19% labor shortfall. The minor impact of this and monsoon will come in Q2FY26 also, but I am confident of the shortfall further reduce starting August '25.
Page 5 of 15: Guidance
So better we give revenue guidelines on the verge of second quarter completion. And EBITDA margins, yes, still we are in the range of the same thing what we have been telling, we’ll be in the range of 8% to 9%.
Page 7 of 15: Working capital reduction
And whatever working capital which we are using today from the banks as fund base can get reduced to a drastic level by end of third quarter.