They have developed some of the products for many years, so have capitalized most of the costs. So that’s the intangible part that we see. They are slowly writing it off through P&L. As per the management most of the heavy development will be over by Q4FY24. So next should be in terms of both P&L and intangible assets addition slowdown. They have already started investing into sales people.
I will add more details once I have. Have recently started studying the company.
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