Firstly, just a clarification. The INR 25 crores and INR 4.75 crores number that you gave for iDATA and Citizenship, these are EBITDA numbers, right? Not net profits?
Last quarter, you gave INR23 crores EBITDA for iDATA.
Firstly, just a clarification. The INR 25 crores and INR 4.75 crores number that you gave for iDATA and Citizenship, these are EBITDA numbers, right? Not net profits?
Last quarter, you gave INR23 crores EBITDA for iDATA.
Within our visa business, as far as we move to iDATA revenue number of INR 60 crores. Sequentially, our revenue numbers are lower within the visa business despite the fact that the number of application process is similar. Like in now visa business, the EBITDA margins are primarily higher because EBITDA is similar, while revenues are lower sequentially. So can you explain why this has happened while the revenues are low sequentially within visa business, excluding iDATA.
Okay. Okay. It doesn't have any impact of accounting, I think in FY '24, we take this accounting change wherein the embassy fees, which was a pass-through was directly being passed and was not being booked. Has that also impacted a bit in this quarter or that hasn't been done in FY '24, '25?
Firstly, sir, our capital adequacy has increased sequentially, so can you explain why did that happen?
Sorry, can you repeat, what goes into Tier 1?
Yes. Thank you for taking my question. So, the final question is on the expense. So, in Q4, the guidance that we gave, we stated that we see at least 150 bits of margin expansion, of which two-thirds will come from expense levels. But I think in one of your replies to early participants, you kind of stated that you want to keep expense at a similar level and want to see margin expansion coming from the other operating costs. So, I wanted to understand, has there been a change in the strategy for this year?
Thank you.
Vikram, broadly I wanted to understand a bit about this artist management side of things. If like, we have qualified, what kind of revenue streams we are looking at over there? But qualitatively, how big of that business is currently in the overall music licensing side ? Is it like it is less than 10%? If you can guide a bit on that? And three years down the line when you're saying the music licensing plus artist management would be double. And at that time, would it become a larger proportion than what it is currently? Or do you expect a steady state it would stay range bound?
Right. Got it. But directionally, would it be, let's say, 20%, 10% of overall pie, something like that...
Can you just confirm the volume numbers for Raipur for this quarter?
But you did mention about 28% utilization for Q2 for Raipur?
Highly appreciate improved disclosure on the presentation. Just clarification from the restructured numbers. So you said INR460 crores came out as of June '23 and INR210 crores is more pending.
So technically entire portfolio has come out is just that the 90 -day DPD for this INR210 crores or INR216 crores pending, right?