Krsnaa Diagnostics – what is the diagnosis?

These days everything is a stick with which to beat management.

The nature of the disclosure follows SEBI’s circular, seen below. They’re free to put out a press release in addition to this, but they’ve already addressed this in previous concalls.

Let me go over the basics for where this 450 Cr. number comes from. The government in each tender puts out an estimated cost, (not revenue!) for each tender. The estimated cost for this tender is 150 Cr. per year. The standard practice is to report government figures in the contract size estimate.

So when asked, management tells us the estimated revenue is above 200 Cr. I don’t see why this is a problem.

Lastly, every single RFP, bidding stage, bid details is in the public domain. Why don’t investors read what’s out there (or even scroll up higher up in this thread) before complaining about disclosures?

Disclosure: invested, biased.