Results do look bad. The reason given for registering a 42% year-on-year decline in profit at Rs 53 crore for the quarter ended June 2022 was because of the spillover of service billing followed by non-availability of required infrastructure from the customer end and continued shortage of semiconductors. Revenue declined 13% to Rs 1,051 crore during the same period, however exports grew by 167% YoY, with strong order book worth more than Rs 5,300 crore as of June 2022. So, I will hang on for another quarter to see how’s its trending then.
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