In any commission business revenue is small part of GBR. Indeed as GBR increases revenue will increase but main part for us to take into account is revenue, profit and cashflow.
GBR for EMT includes total ticket cost, e.g. 10k, where revenue is their commission say 5% of GBR.
Their reported revenue is 120 cr; 116 cr + 4 cr other income. You posted PPT slide this is just to understand.
Said so their cashflow is scary for last 2 qtr, its negative. All cash is given to airlines etc to get more discount is what management is saying.
Also no one is talking about GO air exposure of 126 cr. In con call their was slight indication and management indicated they will get as airline become operational. am much concerned but street seems not.
Disc: Invested since IPO. Taken partial exit post results. Not buy sell advice. Am retail investor, not sebi approved and wrong manytime in past. Do your own analysis.
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