Company published Sep 2022 results – Brief on Y-o-Y comparison, Almost 12% growth in topline, expansion in gross margins revenue (Y-o-Y), EBIDTA margin 9.3% and PAT growth despite higher Tax outgo. Increase in trade receivables (Sep 2022) due to higher sales (highest sales happens in Sep quarter for company) and corresponding increase in current liabilities. Improvement in Operating cashflow.
Considering seasonality in sales, Y-o-Y comparison in results is more meaningful. Important to watch for guidance on revenue and margin for Dec 2022 quarter results, otherwise looks negatives have been factored in for time being
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