Earnings-Call-Transcript-dated-11Nov-2022.pdf (314.3 KB)
Fiber optic turnover has jumped 100% during the last qtr primarily due to orders from Bharti and Jio. . Current price for fiber optic cable is 3.6/km which is at par with international prices. The subdued profits are due to share of loss of associates(finolex industries). Overall the company is quite communicative about results and is not shying away from sharing uncomfortable facts, nor they are over-promising . The management dispute seems to be over although Mr. Deepak Chabaria did not answer a direct question related to it. The sudden move after the AGM,of almost 25-30% the market seems to be sensing resolution. Interesting trivia—Mr. Prakash Chabaria is the son-in-law of Mr. Gopichand Hinduja. Hinduja’s themselves have lately resolved all their disputes.
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