Despite minimum-wage hikes in several states, reported Ebitda (earnings before interest, tax, depreciation, and amortization) margin remained stable at 14.6%. Pre-Ind AS Ebitda margin expanded 25 basis points to 10.2%. Reported Ebitda is higher because lease rent is reflected in depreciation and finance costs, while pre-Ind AS Ebitda treats lease rent as an operating expense.
About The Author
