Q1FY23 Results:
- Revenue up 45% YoY but operating probits and Net profits are down. NP declined by 17%.
- Underwelhming performance mainly due to high crude prices exacerbated by the Ukraine war and the company’s inability to absolutely pass in the inflation to the customers.
- It is intriguing how the company will fair in this high inflation environment.
Does anyone know how Filatex can develop pricing power? Is it just a function of size?
And what are your views on management’s decision to buy back shares, preferentially from promoters, at 140 even though the open market prices were lower? Is there any substance behind the IT raid? @Chins
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