June’24 quarterly results are out. Topline growth seems promising but the EBITDA margins have taken a hit for the second time in a row. Margins are ~11%. I went through their presentation and they have given reasons behind the margin hit and those reasons seem to make sense. But does anyone know when will the margins be back to 16%+ levels ? In the latest credit rating report, they have specified that the EBITDA margins for the current year would be around 15-16% range. The company also adds up the other Income while considering their EBITDA margins so even with that calculation the margin is close to 12.5% for this quarter.
Any insights or details from anybody would be of great help.
Disc: Invested.
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