yaḥ - He who (Lord Nārāyaṇa); avatīrya - adventing; ātmanaḥ - of Himself; amśena - with a part (Nara); dākṣāyaṇyām - in the womb of Dākṣāyaṇī, the daughter of Mahārāja Dakṣa; tu - indeed; dharmataḥ - from Dharma Mahārāja; lokānām - of all people; svastaye - for the benefit of; adhyāste - executes; tapaḥ - austerity; badarikāśrame - in the place known as Badarikāśrama.

Lord Nārāyaṇa, along with His partial manifestation Nara, appeared in this world through the daughter of Dakṣa Mahārāja known as Mūrti. He was begotten by Dharma Mahārāja for the benefit of all living entities. Even now, He is still engaged in executing great austerities near the place known as Badarikāśrama.