The overall growth has been pricing-led with material cost inflation eating into the company’s profitability. There has been a 24% jump in raw material costs and a 20% increase in other expenses over the same quarter a year earlier. The management, in the company’s earnings call, mentioned 2022 inflation being five times the past trend.
The company offers integrated facilities management (IFM) services and business support services to its customers, with a pan-India presence. Its portfolio of services evolved over