Hi Aveek,
Very detailed and comprehensive note on Igarashi. Thanks.
I have also been following this company for the last 3-4 qtrs. Issue is that the company does not conduct any qtrly exchange with the investor community to share updates. So my only source of information is the quarterly results and annual reports and AGM. Have already dropped a few emails to the company requesting them to restart their old practise of having concalls for updates and management commentary, which they have acknowledged.
Anyways, coming to the last two quarter numbers they seem to hit the ~170crs topline number and barely managed to give a positive profit number. Now that the chips availability issue is mostly back to normalcy and the commodity prices stabilizing was expecting the company to give a much better performance and numbers for Q3 23. But think will have to wait a few more qrts for this to get translated.
What is your take / view after looking at the last couple of qtrs numbers?
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