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News: Topline for the quarter came in at ₹568 crore (down 8% YoY, 1% QoQ). EBITDA in Q2FY25 came in at ~₹96.8 crore with corresponding EBTDA margins at 17% (up 132 bps QoQ). Resultant PAT for the quarter came in at ₹71.2 crore. The board of directors have approved the further purchase of 20,08,570 equity shares (61.41%) of Bhilwara Infotechnology Limited, resulted in becoming a wholly owned subsidiary of the company.
Views: Topline for the quarter came in at ₹568 crore (down 8% YoY, 1% QoQ). EBITDA in Q2FY25 came in at ~₹96.8 crore with corresponding EBTDA margins at 17% (up 132 bps QoQ). Resultant PAT for the quarter came in at ₹71.2 crore. The board of directors have approved the further purchase of 20,08,570 equity shares (61.41%) of Bhilwara Infotechnology Limited, resulted in becoming a wholly owned subsidiary of the company.
Impact: Neutral