Finance Restructuring cost will come under Finance costs and won’t be a part of EBITDA calculation. And I think it is good news that they’ve restructured the debt earlier then what they’ve mentioned.
Next year, bottom line should get better, even if everything remains same due to debt reduction and restructuring.
Couple of hotels were partially operational during last year and should be fully operational during this year + Multiple hotels have come online during Dec-23 to Apr-24 period which should contribute to topline. Even if they achieve 15-20% growth from here without messing things up, I’ll be very happy because it is cheaply available as of now.
Disc: Invested, will add if any dip come.
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