We expect a Revenue/PAT growth at a CAGR of 17.0%/21.0% for FY24-FY26E, respectively, and to witness a revenue/PAT growth of 16.6%/21.8% for FY24-FY27E. Accordingly, we project FY26E EPS of INR 102.7 and assign a P/E multiple of 53x, driven by recent ACV wins, improving discretionary spendings supported by margin expansion due to lower SG&A expenses.