The situation
Reported EBITDA is ₹40 crore including ₹6 crore of insurance income and ₹2 crore of one-time relocation expense. Recurring maintenance was deferred by ₹3 crore.
Your task
Estimate normalized EBITDA under these assumptions.
Reveal step-by-step solution
Set up the problem
Remove ₹6 crore of exceptional income and add back ₹2 crore of verified exceptional expense.
Work through the numbers
Allow for ₹3 crore recurring maintenance: ₹40 − ₹6 + ₹2 − ₹3 = ₹33 crore.
Interpret the result
Use ₹33 crore as a preliminary recurring estimate. Verify expense classification, cash timing and maintenance evidence before relying on it.
What to remember
Treat gains and expenses symmetrically. Check recurring cash requirements that reported results may omit.