Going forward, we model EBITDA margin of 54.2% in FY22E and 55.2% in FY23E , maintaining our HOLD rating on the stock.
Indian rupee has extended the early gains and trading higher at 74.10 per dollar, amid selling seen in the domestic equity market.
Orders of similar capacity are anticipated in coming months from similar customer base as businesses continue to recover rapidly,” said the company in its BSE filing.