Achanak itna growth kahan se aaya?
Number toh mast hain hi, EBITDA 38.2% badh kar ₹441 million tak pahuncha. Margin 23.1% dikh raha hai. Ek-do one-off cheezein hain, jaise legal costs aur gratuity provision, jiske karan reported EBITDA margin thoda kam lag raha hai. Lekin asal mein, adjusted EBITDA margin 25.8% par hai, matlab company ki operational performance solid hai.
Growth Ka Magic Kahan Se Hai?
Company keh rahi hai ki product-based revenues sab markets mein kaafi aage badh rahe hain. Europe mein toh CRYPTAS acquisition ke baad kaam aur smooth ho gaya hai. Plus, world bhar mein cybersecurity aur compliance mandates ki demand toh hai hi, jaise NIS2 aur DORA rules. BFSI sector mein bhi eSignature aur paperless workflows kaafi demand mein hain.
US Services Mein Kya Laga Hai?
Ab, ek problem area bhi hai. US mein jo services business hai, woh thoda sluggish ho gaya hai aur margin pe bhi pressure aa raha hai. Iska karan AI aur H1 visa issues bata rahe hain management.
Strategy Mein Change?
Is situation ko dekh kar, company ne apni strategy change ki hai. Ab woh product-led growth par zyada focus karenge, kyunki usmein margins better milte hain. So, US mein services se zyada products pe zor rahega.
Future Outlook
Aur haan, full-year FY25 ke liye revenue guidance ₹700 crore par maintain rakha hai company ne. Matlb overall, figures toh acche hain, bas US market ko sambhalna hai.