tasyāḥ - of her; adhīśvaraḥ - the master; sākṣāt - directly; tvam - You; eva - certainly; puruṣaḥ - the person; paraḥ - supreme; tvam - You; sarva-yajñaḥ - personified sacrifice; ijyā - worship; iyam - this (Lakṣmī); kriyā - activities; iyam - this; phala-bhuk - the enjoyer of the fruits; bhavān - You.

My Lord, You are the master of energy, and therefore You are the Supreme Person. You are sacrifice [yajña] personified. Lakṣmī, the embodiment of spiritual activities, is the original form of worship offered unto You, whereas You are the enjoyer of all sacrifices.