- Net profit has one-off positive effect. However, net of this one-off as well they would have been profitable in Q2.
- Beat on ebitda margins. they had guided for 31.5% for the year. 34.3% margin is absolute delight.
- Also on topline growth is ~40% (vis-a-vis 30% growth guidance).
Stock looks richly valued. Hope they continue to perform.
Disc: Invested.
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