On a premilinary analysis looks like there is some improvement in OPM and 5% drop in depreciation. Better revenues expected in Q4 with margin improvement and further drop in depreciation. But the rate of decrease in depreciation is very low and to bring it down to Tata elexi levels will take many years at this rate (Tata elexi 11 crore, KPIT 33cr)
What is actually contributing to this big depreciation ? Read somwhere that it is the lease amount, Can anyone throw more light on what this leasing expense is.
Tata elexi depreciation value is around 11 crore and remains almost constant.