We recently met with Deepika Gupta Padhi, Head of Investor Relations and Shweta Bansal, Assistant Manager, Investor Relations of PNB Housing Finance (PNBHF) and gleaned incremental insight into the strategy of the company.
ENIL’s management appeared confident in scaling the non-FCT business (30% revenues) to 50% in the next 4-5 years. While non-FCT business is margin dilutive as compared to traditional air time sale on radio, gross margins (GM) have witnessed an uptrend over the last 3 years (19% in FY17 to 28% now).
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