The other income component has been high especially in last 2 quarters but the good thing is they have begun reporting operating profit after a long time. To me it seems to be a company which went through temporary headwinds that have lasted quite a few years now.
Had they not moved out of Pune there was very little scope for growth. I am keenly watching this company but the management does not seem to interact with the shareholders.
I recently sent them an email requesting the management to share insights on business outlook, future growth plans etc through an investor presentation for the benefit of shareholders. I also enquired about the time taken to achieve full capacity utilization and the EBIDTA margins that they expect to sustain going forward.
Unfortunately there has been no reply.
Disc: Recently Invested
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