Even most IT companies have a 60-days payable, they raise invoice at end of month & expect to get paid in 60 days. Most IT companies irrespective of profitability have good OCF/profit ratio.
One would expect Zaggle as SaaS to have huge OCF, but their OCF is consistently negative.
Even if H1 of an FY is a slow period, it might approximate to H2 of prev FY but OCF is still negative consistently for H1s too.
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