Further margin pressure this Q - https://www.bseindia.com/xml-data/corpfiling/AttachLive/dbffecef-1add-4507-97c1-d467ae8638ae.pdf
140bps EBITDA de growth QoQ. There is a sequential recovery in gross margins of 500bps which is good to see. But that has been completely offset by increased employee costs of 500bps. Hopefully not all of the 500bps is a permanent increase and has some one-off components which won’t get repeated in Q 2-4.
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