I don’t think tenders expiring are lumpy: it’s a matter of fact on whether they’ve expired or are extended. This is something I was adamant on when I last met management. They say there are no other large tenders expiring (akin to Rajasthan in FY23), and the 2.5 Cr. is on account of one small CT contract in Nashik that can expire by FY25.
To the best of my knowledge, this is the only tender expiring. If you have data to believe otherwise, please do share so we can better the model.
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