One-time cost impacted margin; Trajectory to improve EBITDA% stood at 15.9%, -195bp qoq on the impact of 1) higher gross margin by -180bp (calendar -106bp, higher onsite utilization +60bp, onsite increments -70bp, bonus provision -32bp, higher onsite-mix -27bp), 2) Chennai flood impact -70bp, 3) one-time consultancy cost -20bp and 4) higher CSR expense. We expect margins to rebound in 1QCY16E with absence of one-time cost incurred in 4Q. Management has provided an outlook of CY16E EBITDA% at the level of CY15; we've factored...