Good set of results except for borrowings not going down much. As against Sept balance sheet debt has gone down by 23 crores. Its good to see cash conversion cycle becoming negative again in the current financial year. The company is currently having a CWIP of 23 crores. Will love to know more about the capex. Will have to most probably wait till AGM to know about it. We could see registration for next batch of medical college in June quarter. Overall, results were mostly on expected lines.
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