Yes Gurjot, there has been a decline in EBITDA QoQ however increase in other income and drastic decrease in tax expense and finance costs. Need to find out the reasons for this.
As per company notes: “Other income for the quarter includes income of rs 28.13 million recognised on purchase of subordinated loan in subsidiary Pylania S.A. by another subsidiary Kamla International Holdings AG from third party at a discounted price”
The Ethos business is showing traction and improvement.
Disc- Invested
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