Future Commentary by Management:
- Strong Pipeline in India & USA for AFC.
- Margins have reduced due to increased salaries and cyclicality in business.
- Margins drop is seen across the industry. But margins to remain stable in H2FY23.
- Tax rate to be in the range of 20-22% for the rest of the year.
- 2 major contracts for AFC, Kolkata and NCRTC will start showing revenue from Q3 FY23.
- Revenue growth in this year of about 15% is guided.
- Employee cost will not be very high from this juncture as market is cooling off and are able to adjust the price hikes against customers.
- EBITDA Margins expected to be 15-16% and EBIT Margins 12-13%.
Subscribe To Our Free Newsletter |