Results for Kriti Industries are out and as we see the stock is down by 17% during Monday opening.
But I think the business has actually performed well, it is the tax liability which is providing us negative view.
Revenues have grown at 48% QoQ
Profits grown at 26% QoQ
But as there was some deferred tax liability in last quarter the numbers were high. The same was not true for this quarter which brought down the number.
Tomorrow 3pm is the concall (invite), let’s see what the management has to say about the same.
If someone is tracking this business for longer timeframe could you please share some details on this tax framework?
Disclosure: Not Invested.
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