Improvement in gross margins (up 340 bps YoY) and decline in employee expense (down 2% YoY), led to an expansion in EBITDA margins by 170 bps YoY to 13.7%. However, increase in processing charges (up 29.4% YoY) partly stemmed margin growth. Subsequently, absolute EBITDA grew 20.6% YoY to | 72.6 crore Decline in interest cost (down 44% YoY) coupled with higher other...