Krishca has reported good results with ~50cr revenues and 5.6cr PAT in H1. H2 will be significantly better than H1 because:
1/ New Capex coming in Dec’2023 for highly specialized strappings
2/ Packing Contracts Orders start executing
Margins also in H2 should be better vs H1 as value added products portion will increase going forward.
But the results formatting done by the company is not up to mark. They showed FY23 full numbers under half year. They also didn’t do H1FY24 vs H1FY23 yoy comparison which would have shown the correct picture.
Thanks
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