"I assumed the NPAT/EBITDA ratio for H1FY24 and H2FY24 will be the same."
That's flawed financial logic.
"Are you saying that NPAT/EBITDA ratio will be higher in the second half vs first half?"
Yes, obviously.
Due to operating and financial leverage; the items in the P&L between EBITDA and NPAT (i.e., D&A and Interest Expense) don't all also increase by a factor of 2.3x between DH2023 and JH2024.
.
"I assumed the NPAT/EBITDA ratio for H1FY24 and H2FY24 will be...
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