In my opinion results are very bad. They have not been able to maintain margins for last 3 quarters and each wuarter has been worse than the previous one. Current margins of 14% is extremely bad compared to the margins of 24% which the management said they will be able to maintain easily. This concall Mr swarupdropped the guidance of 24% completely and said they will try to target 18-20% in normal course if business and that too only after 2 quarters. Very difficult to trust the management this way.
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