As per the management, their new soft ferrite manufacturing capacity has already kicked off operations at the end of Q1, which IMO should translate to higher top and bottom line in the coming quarters. The Company has also placed order for a Top Hat Kiln to meet customers growing demand for higher permeability ferrite cores (technologically advanced ferrite cores) which is expected to start operations from FY24 and will further improve sales mix towards value add products. This appears to be high margin product.
Also promoters have been buying the shares from open market during Mar & Jun quarter.
Discl: Invested.
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