The latest data point for Q4'26 shows Gross Margin at 24.7%, Operating Margin at 4.6%, and Net Profit Margin at 2.2%, indicating a stable but slightly moderated performance compared to the prior quarter, with gross margins holding strong while net margins reflect ongoing pressures from operational costs. Over the period from Q1'24 to Q4'26, Gross Margin has exhibited a generally upward trend, rising from 24.3% to a peak of 25.2% in Q2'26 before settling at 24.7%, demonstrating resilience in core profitability. Operating Margin has remained volatile yet stable around 4%, fluctuating between 3.7% and 4.7% with no clear directional shift, while Net Profit Margin has been the most erratic, ranging from a low of 0.3% in Q3'24 to 4.9% in Q2'24, averaging approximately 2.8% and highlighting sensitivity to non-operating factors like taxes or one-time events. Overall, the chart reveals consistent gross-level efficiency but challenges in translating that into net profitability gains.