Sales at Rs 794 crs up YoY marginally but flat QoQ. Still way off the Rs 900 crs ~ levels it has seen earlier
Op Margin at 16% maintained – it has done 20%+ earlier
Other income up
In the balance sheet there is no new capex coming in, so FA is down due to depreciation kicking in
Inventory at highest in years at Rs 134 crs from Rs 98 crs in Mar22 and debtors from Rs 675 crs to Rs 835 crs have risen – why???
Is the quality of sales worsening?
Creditors consistently coming down – may be the reason for RM cost not rising – paying on time, cash discount
Stock is down 3%, 38550
| Subscribe To Our Free Newsletter |
