Pine Labs Limited CC-Dec25.pdf · 2025-12-03
Hi. Am I audible now?
Thank you and congratulations. It has been a great journey and best of luck. What I wanted to just ask you is if you could explain the seasonality on 1Q to 2Q. I know it is not the best half for you. So, if I look at your revenues between 1Q and 2Q, you have gone up by about INR 34 odd crores from INR 616 crores to INR 650 crores. Your contribution has actually gone up by INR 17 cro res, which is about a 15% incremental contribution margin. And your EBIT DA has gone up by just about INR 1 crore. So, your margin has come down. So, if you could just explain what is this seasonality? I am sorry, I got into numbers and maybe you know.