Krsnaa Diagnostics – what is the diagnosis?

To add to @nirvana_laha,

After the L1 bid is announced for any tender, the government enters into a discussion with the winning bidder. They discuss each site, viability, space, etc. and then file the LoA after ironing things out.

The significance of the LoA for investors is that they now have to operationalise the Rajasthan tender within 120 days.

This means we should start seeing revenue come in from the end of Q2, and ramp up through Q3 and Q4.

So there are a number of significant triggers that should start playing out in Q3/Q4 before ramping up through FY25: 70-100 Cr. of potential from Maharashtra CT, 180-220 Cr. of potential from Rajasthan pathology, 60-100 Cr. from Odisha pathology, and 40-50 Cr. from Assam pathology.