To be fair, management has guided back in Q4 itself that Q1 and Q2 is going to be subdued for SDA segment which was approx 40% of their FY22 topline. They did advise this is a temporary pain due to semiconductor shortage as auto emission control is a major application for SDAs. And this segment should be back firing in Q3 and Q4 so much that it should cover for the subdued Q1 and Q2. So, I think we should hear the management out. If the commentary changes, this can be taken as heading in the wrong direction.
But if by Q3 growth is expected to be back, the long term business would still be intact. In fact, backlash in the short term due to these and potentially similar Q2 numbers may provide entry points.
Disc: Not invested but on watchlist to invest at reasonable valuations.
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