Ksolve Q1FY24 results are out.
The key highlight in release along with results, the company addressed sequential slow down during Q1FY24. It expects improvement in performance from Q2FY24.
I am also waiting for next corporate action( Dividend announcement/buyback announcement) for way forward.
I also take comfort from statement that “no near term intent of inorganic growth”. Generally, I do not like company which grow by acquisition.
Overall, results meet my expectation and commentary give good insight about medium term prospect. However, current valuation offer no margin of safety to new invevstor in my view. Hence, one shall do his/her own due diligence before making any investment decision. I am cautiously optimisitc and waiting for next corporate announcement.
Discl: Ksolve now account for 6% of my portfolio. I may change my investment decision without informing forum. I may be positively biased due to my investment. Not suggesting any investment action. I am also not SEBI registered advisor. Sold 10% of my holding due to tax planning. There are mutiple concern about missing points in Ksolve from business model, to salary of employee to high margin to internal auditor which need detailed due diligence in my view. Investor shall do detailed work before making any decision about the company in my view. Not recommeding any investment in the company.
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