While numbers are bad, I am optimistic about future performance.
Severe headwinds faced in last 2 quarter – CNG prices in India more than doubled (international spot had gone up 15 times to USD 65mmbtu). Now India CNG prices are coming down. In few months international prices should drop to USD 10 levels. Demand should pick up and revenues & profits should go back to last year level.
Given all of this performance has been decent with small profit (standalone). Consol loss due to one-time penalty of 19cr by customer which is non-recurring i guess.
| Subscribe To Our Free Newsletter |
