Hey Nitin,
The loan is given to wholly owned subsidiary based in Europe. As per the lastest guidance in concall, the management is pushing hard to break into the European market and sees and uptick to 3% contribution there.
And as you well know, for Transfer Pricing reasons the loan has to be offered at appropriate rate of interest.
Further the company has completed the acquisition of Decision Point Analytics which mostly caters Gen AI transformation space and the management expects significant synergies and cross selling through this. Due to the seasonal nature of this business, you’ll see the numbers consolidating from Q2.
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