The company’s operating margin dropped to 15% in Q3 from 19% in the year-ago period but was up 100 bps sequentially. Volume growth was strong during the quarter but cost pressures resulted in subdued margins.
Thematic funds focus on investing in firms associated with particular long-term trends, aiming for potential alpha returns. They entail a greater concentration risk when compared
Microfinance asset quality stress eased further in June, with portfolio at risk falling to 2.3 percent. Aggressive write-offs of bad loans by lenders helped reduce
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