Quarter 1 results are out ,topline is still falling but this quarter fall is 5% compared to 10 % in previous quarters (this is inevitable as people in future are likely to switch to OTT and competion)
What i don’t understand is despite borrowings being reduced to half ,interest payments are almost at same level ,Debt in june is currently at 285 cr vs 375cr in previous quarter ,Company as predicted will become debt free this year and most goodwill will be amortised i hope the new managment is more shareholder friendly and distribute cash in form of dividends for the years to come.
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