Short Notes on Q3FY24 Results.

• Very poor showing across the board, significant margin compression due to increased freight costs.
• Revenue at 40 Cr, 12% de-growth YoY, EBITDA at 4.72 Cr, 52% degrowth YoY.
• EBITDA margins at 11.81%, down from 21% last year.
• PAT and EPS down ~77% YoY.
• Despite the headwinds in Q3, management expects the business to improve in coming quarters.

Capsules Segment

• Struggled with exports market, a significant factor in poor performance.
• Currency issue, increased logistics and freight costs (due to disruptions in the Red Sea) and deferred
  shipments impacted exports.
• Raw material pricing remained stable throughout the quarter.
• Outlook for capsules business remains robust, optimistic about its continued growth.
• Outlook for the coming quarters is promising post resolution of logistic issues.

HPMC

• First HPMC line integration completed, and dry runs have successfully concluded.
• Poised to commence commercial production shortly.
• Plan to initiate the installation of the second and third HPMC line in due course of time.

API

• Same status as the last quarter.
• Still in the process of obtaining the final clearances from the Pollution Control Board and the license from the Drug Department.
• “A meeting scheduled for the coming week holds the promise of a favourable resolution.”
• Plan to commence the manufacturing of select intermediates, scaling up to APIs production after receiving the necessary licenses.

Disc. – Invested

Anyone tracking pennar industries and capacite infra? They have given multi year breakouts and reasonable valuation still intact

These are my personal views on your PF and suggested stocks are based on my research process, have holdings. Please do your own due diligence before reshuffling.

I feel costal corporation results are better than the apex frozen on revenue & margin side also.

Hi Community,

I have started my investing journey in 2021. Following is my profolio.

I have invested in banking stocks such as HDFC Bank, Kotak bank as they are leading banks of India and if India has to grow banking sector must grow. I trust large cap private banks as any scam can affect PSU banks and small banks heavily.

I like technology stocks that is where I invetsed in AFFLE and Tanla platforms. As they are working on internet space and there is a good growth opprtunity in future.

I have tried to diversified my portfolio to include stocks from different sectors and not invested more than 30% in any single sector. My initial thinking was that I would reduce risk by investing atleast 60-65% in large cap stocks. My large caps haven’t given me good returns and same goes for even my small cap investments. I haven’t been able to beat NIFTY 50 index also.

Any suggestions would be highly appreciated. Thanks.