It was surprising to see the management claiming to achieve the targets. I believe they guided for $1bn revenue for FY23, then they reduced the guidance to 6500Cr. In Q3 call, they said that they are working towards it, and finally they achieved 6000Cr. But all they say is that we guided for a strong double digit growth and we achieved it.
Further, they even said that they never guided for a billion dollar number, and they said because analysts forced, they gave a number of $1bn.
Now, FY24 guidance is flattish, current capacities expected to be utilized fully by FY25. Its difficult to place any faith since they dont know how the next couple of quarters will look like (hence they didnt guide for margins in FY, they said they will see next 2 quarters and then guide for the margings).
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