Pix Debt as on September 30, 2022 was about 99 crs. As per the latest filing with the exchanges, the debt amount is shown to be 37 crs. This would mean substantial reduction in debt. This would mean lower interest cost & more importantly improve the return ratios further.
I also understand that March exports are amongst the highest in the last year or so. If the trend were to continue in the coming months, then it would mean good tidings for the company going forward, more so with the increased plant capacity already in place.
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