In Q2FY24, we expect that Tier I companies under our coverage will report modest revenue growth in the range of 2.99% - 11.77% on a QoQ basis, while on a YoY basis it is expected to surge by 11.41% - 19.57%. At the same time, the Tier II companies are expected to witness revenue growth in the range of 3.99%- 7.88% on a QoQ basis and 17.82%- 41.99% on a YoY basis.