Asm Tech Q2 result.
YoY Topline growth 32%
YoY PAT down 50%
QoQ Topline growth 25%
QoQ PAT down 30%
Basically company continue to grow their revenue while profitability taken a big hit.
On expense side what got my attention is 15 cr spend on raw material while manufacturing revenue is just 3.9 cr. This is very strange and can happen only when any of these things or all of these things happens.
#Customer rejected production
#Trials happening and awaiting customer approvals
#Bulk RM purchase for future production (example imported sensors etc).
Basically my assumption is this could be one off expense, low probability to repeat, company would have done 7-8 cr PAT without this big ticket expense. This is my assumption looking at numbers, i could be wrong too. If the company conduct a concall we can verify and confirm this.
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