Cemindia Projects Limited CC-Jun24.pdf · 2024-08-08
No, it is nothing specific. You know, these are operational efficiencies which are kicking in. But as our volume of operations grow and we get new orders, I think there is a possibility that the interest cost could inch up a bit as a percentage of revenue.
No, nothing specific. As I said, we got in. This typically happens in Q1, where we get a lot of payment from especially government clients in the month of March. And typically, we use that to reduce our debt. And that impacts our interest costs, especially in Q1. And that is what you have seen in this quarter.