Personal expenses, including ESOP costs, increased by 34% year-over-year. This was primarily due to the full quarter impact of the recently acquired entity GLOBE as well as the annual appraisal cycle. Further, we continue to invest in MICE and expense management teams in line with our overall strategic focus.

Feb 11, 2025 / CFO / receipt, needs a key / Rohan Mittal, CFO | earnings call 2025-02-11 | transcript 97e3860d-636f-4d26-9c00-a0efdf8de94d | chars 10185-10495 | segment 10

Our personal expenses, excluding share-based payments, increased by 20% year-on-year as we continue to invest in talent, which allows us to build our mid-market, MICE, Visa, and expense management businesses.

Nov 13, 2024 / CFO / receipt, needs a key / Rohan Mittal, CFO | earnings call 2024-11-13 | transcript 50d1aa0c-352b-49db-a0a3-c07fbcdd817f | chars 13199-13407 | segment 13

Our personal expenses increased by 23% YY as we continue to invest in talent to build out our mid-market MICE visa and expense management solutions.

Aug 13, 2024 / CFO / receipt, needs a key / Rohan Mittal, CFO | earnings call 2024-08-13 | transcript 452dffc0-77b0-4169-8e22-511da780e644 | chars 10695-10843 | segment 10