The TSI India business continues to perform strongly with TSI India management confirming to the Company their expected FY22 (unaudited) underlying EBITDA1 to be in the range of INR 506 million – INR 560 million or AUD $9.5m - $10.5m (at an exchange rate of AUD1 : INR53.3).
Difficult to imagine a further $25m -$30m revenue would only produce an extra $1m + in EBITDA but worth seeing if you get a reply from the company as confirmation.
VOR Price at posting:
2.7¢ Sentiment: Buy Disclosure: Held
