Retained PAT margin guidance of 14-15%, however we believe that margin will remain under pressure near lower end of guidance in FY23. LTI reported a miss in revenue growth (3.1% QoQ USD in Q4), partly due to lower onsite volume (-0.4% QoQ USD) impacted by high onsite attrition. However, we expect revenue momentum to continue (~19% YoY in FY23E) in the near term given - 1) 4 large deals with TCV $80mn+ won in Q4, 2) deal pipeline at ~$2bn with 50% deals in late stage including 4 deals in contracting...