Ann: March 2021 Investor Presentation, page-4

Slide 14 is an important one to examine.
Revenue growth is not the important metric .....Quality of earnings is.
This is because LBL's gross margins have consistently been averaging around 50%., net profit grows much faster than revenue growth.
Over the last 3 years:
# Revenues grew 50% (CAGR 15%)
# EBITDA grew 200% (CAGR 44%)
# NPAT grew 100% (CAGR 30%)
Net profit grew twice as fast simply because of this blissful formula of healthy gross margins & low fixed cost of doing business.
I opined that LBL appears expensive , but "Cheap" & "expensive" mean very little......Just empty words.
LBL is poised to become a much bigger outfit.