Looking at guidance vs performance for the year: At the start of the year, guidance was 20% on revenue and 30% on EBIDTA. They have missed that by quite a lot ( for 2 Qtrs). In the last Qtr, it was revised to 20% for EBITDA, REVENUE & NET PROFIT.
Also, another no was one of the next 2 Qtrs they will hit $75mil revenue.
Just doing some back of the envelop calculations. If they were to achieve the latest guided nos.
They’ll have to do on an average(for Q3& Q4) : 590 Cr in revenue, 194 Cr in EBITDA & 114 Cr in NET PROFIT.
If they can do this stocks makes a case for rerating. However, going by the past history of guidance & actuals I am skeptical.
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