Ann: FINDI Granted White Label ATM Licence, page-61

It is tricky to say on guidance which is what market will care about, while FY23/24 results I guess slightly beter than forecast. There was the article posted here where Smedley was quoted to have said the target was to grow number of managed ATMs to 80,000, which is around 4x from last report. Most will need to come via inorganic growth (acquisition), so no div or buy back.

Given they have Parimal backing them and the synergies with their financial arm, after seeing 80,000 target (if true) then I feel like results/guidance could be really bullish, but as I have noted before there are upfront costs with ATM installation that should weigh on earnings, but with CBI contract they managed to keep growing rev and ebitda.