My few cents from the concall…
1.margin compressed due to fall in prices of diamond and new margin range will be 22 to 25%…which will be the best among peers.
2.India retail plan still on drawing board only…largest USA customer has stores in UK also and co. in talks to source orders from them .Middle East supply already started.
3.Declined to give revenue growth guidance but orders in hand 165 Cr compare to 150 Cr same time last year…E-commerce sales, given their nature of being booked online (on a spot basis), are
not part of the order book.
4.Q2 & Q3 best quarters with Thanks Giving & Christmas falling in Q3…
5.Debt free with Consolidated cash & cash equivalents on books (including investments)
stands at ₹2,776 mn. Invested in liquid MF,Bonds and wish to use for inorganic opportunity.
Good performance after a long in a challenging times…
Invested and added yesterday post result…
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