Very good results with good growth YoY on all parameters – Revenue, profits, order inflow, order backlog. Margins (as a %) has remained almost same.
Revenue has de-grown on a QoQ basis, in line with previous years trend. Not sure if order executions are seasonal (due to rains etc) OR if this is due to revenue recognition method followed by project execution companies. Knowledgeable members – pls share your inputs
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