Ajit Isaac Interview:
- Fairbridge & Isaac Family together own 56.5% stake now.
- Expecting Q1 of FY24 to be a good quarter.
- Revenues are growing more than the head count.
- Revenue growth in FY24 is expected around 15-18%.
- Want to work on margins and go up till 4-4.5% and also want to improve DSO.
- Asset Monetization is also on the plan as stated by BCG.
- Expecting EPS to grow 30-40% in the coming year. (Seems unlikely)
Insider Acquisition: Ajit Issac/Fairbridge Capital (Promoter/Director) have started buying shares from open market. Total Value of Buying is 276.38 cr. (72 lac shares) that 5.11% of total mkt cap and 10.64% of free float mkt cap.
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