Monthly recurring revenue

The contracted subscription revenue for a single month, the building block of annual recurring revenue.

A business with ₹42 crore of monthly recurring revenue is running at ₹504 crore annualised.

The useful presentation is the movement: opening balance, new customers, expansion, contraction, churn, closing balance. That table shows whether growth came from winning customers or from selling more to existing ones, which are different businesses with different costs.

Ask for the bridge, not the number.