My estimate of PAT for 2016 is 125-135 crores and for 2017 is 150-160 crores on conservative basis, so after deducting research expense say 85 crore in 2016 and 115 crore approx. in 2017, PAT for both years would be 40-50 crores. These R&D expense of so huge amount would be one time and done in subsidiary, so it will be reflected in consolidated figures only.
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