https://indianexpress.com/article/cities/pune/asaram-bapu-parole-ayurvedic-treatment-khopoli-hospital-treated-9514036/

Free advertisement… not sure if I like the man going there…but at least his followers can start using Madhavbaug’s services :-

I like it when management is honest in their market commentary and have guts to say no to giving guidance. Market doesn’t like it and stock prices drop wildly fearing the worst and factoring in all possible negatives.
I will increase my position in the stock with a long term view. Company has had a great execution track record and have built strong positions in different businesses they operate. Plus China situation will not be permanent. So when the cycle turns, there is plenty of upside I can hope to capture.

Disc- Invested small amounts.

Just checked on screener.in
FII – 0.19%
DII – 0.44%
holdings in July 2024.

Please do re-check and share latest facts.

As expected, strong Q1FY25 results from Pokarna on all front. I believe, this year performance will be overall good due to combination of:
a) change in mix in favor of higher margin products,
b) operating leverage playing out, and
c) effect of shifting to lower tax regime

Triggers for FY26 would be:
a) revenue from Chromia / Kreos (expectation is that both of this would be margins accretive)
b) lower finance costs, as company should repay a good chunk of its debt by mid-next year

Not to forget, we need to closely watchout for demand condition in US, which are yet to show sign of recovery & also the freight rates, which are currently too high & unpredictable.

Any improvement in granite business would be cherry on the top.

For any material growth beyond FY26, company would need to announce CAPEX plan. Usually it takes 18-24 months to setup.

Results seem to be decent and clearly hinting at turn in the business cycle. But would like to hear from the others as to what they make of this quarter results.