The latest data point for Q1'26 shows a Gross Margin of 40.16%, an Operating Margin of 19.15%, and a Net Profit Margin of 17.50%. These figures reflect a slight sequential decline compared to the previous quarter, marking the lowest levels for Gross and Operating Margins within the observed period. From Q2'23 to Q1'26, the Profit Margin trends have remained relatively stable but exhibit moderate volatility, with Gross Margin peaking at 47.7% in Q2'24 before trending downward. While the Operating Margin saw a period of expansion reaching 26.13% in Q3'25, the Net Profit Margin has demonstrated greater resilience, generally trending upward from 12% in Q2'23 to a peak of 19% in Q4'25. Overall, the convergence of these margins in Q1'26 suggests a tightening spread between gross profitability and bottom-line efficiency.