For Q4CY22, NEST’s revenue was INR 42,568 mn (+13.6% YoY/ -7.5% QoQ). The YoY revenue growth rate slowed down vs. 16.1%/ 18.5% YoY in Q2CY22/ Q3CY22, respectively. The tonnage in domestic segment declined by 0.8% YoY in the quarter vs. a growth of 7.8%/ 7.0%/ 8.8% YoY in Q1CY22/ Q2CY22/ Q3CY22, respectively.