Sales is up by 19%… PBT is up by 36% (so margin has improved)
EBIDTA has improved from 25.5% (Q2 FY22) to 28% (Q3 FY23).
Looking at the cost of material, it seems input cost price have eased.
Management commentary seems fine to meet. They are doing good amount of capex and are on track.
For a company trading at 23 PE / 4x P/S… what more growth is market expecting?
Disc: Invested and bullish on the stock.
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