Press release from Kotyark Industries – https://nsearchives.nseindia.com/corporate/KOTYARK_30102023215129_Reg_30_Press_Release.pdf
Reason for less revenue realization.
Comment from CEO – “This sales momentum was despite certain external challenges. We experienced a delay in the receipt of Purchase Orders against our
allocation sheets from certain Oil Marketing Companies (OMCs), which has affected our top-line performance in H1. These delays began in
Q1 and have spilled into Q2 as well as Q3. We want to reassure that the allocation from recent tenders will be recorded in coming time, and
this is a temporary challenge that we are actively addressing.”
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