TSI India's billed revenue data showed approximately A$11,609,831.20 at conversion rate for the first quarter at the time. Transaction fee works out to approximately A$0.095c per transaction.
Q2-FY-16-17- 130m transactions.
TSI India billed revenue data showed approximately A$12,003,384.80at today's conversion rate for the second quarter. Transaction fee works out to approximately A$0.095c per transaction.
Q3-FY-16-17- approx 127m transactions with the 2.24% drop in transactions during policy changes.
TSI India billed revenue data might be somewhere in the vicinity of approximately A$10,000,000 at conversion rate for the third quarter at the time? Transaction fee works out to approximately A$0.095c per transaction. Note, there were also added expenses during that time.
What we don't know is what Q4-FY-16-17 is going to look like.
An additional $21.4m might be a bit ambitious ($55m-$33.6m), but I would be over the moon if this did materialise.