The audio quality during the earnings call was not the best. Unless someone else beats me to it, I will wait for the transcript to be published before sharing my thoughts about the call.
On a high level, the company did really well. A lot of folks seem perturbed by the lower than expected Q4FY23 EBITDA margin (closer to 25%, as opposed to the expected 28-29%), though management highlighted that this is because they made a decision to revise salaries upwards for critical employees, which they believe will pay dividends in the future as the company continues to grow.
-
Net Sales at Rs 196.40 crore in March 2023 up 99.23% from Rs. 98.58 crore in March 2022.
-
Quarterly Net Profit at Rs. 31.07 crore in March 2023 up 56.89% from Rs. 19.80 crore in March 2022.
-
EBITDA stands at Rs. 49.1 crore in March 2023 up 77.19% from Rs. 27.71 crore in March 2022.
-
Guiding for 28% EBITDA margins in FY24, 45-50% revenue growth, a closing order book of ₹1500 cr, and 180-200 working capital days.
| Subscribe To Our Free Newsletter |
