Reasonably good Q2 quarter despite slowdown stories by analysts.
http://www.bseindia.com/xml-data/corpfiling/AttachLive/CEE1F746_4465_46AC_8BCC_81DB26CF7188_174936.pdf
Summary – 258.32 Cr Topline & PAT 4.58Cr
My take away is following,
1) Results are GOOD, improving.
2) If you start looking at gross & net margin its not lucrative per say, 6Cr goes for loan interest. But long term story is intact. They are in the process of setting new showrooms, they are in expansion mode. Once everything is in place, next infra & housing boom AGL will beat Kajaria. I am saying so with the great conviction because the quality of AGL tiles/quartz slabs is great with competitive price.
3) Ex Somany COO is CEO of AGL group. Sales & customer orientation will take a shift.
PS : Invested from 70 levels. One should do the due diligence before buying.
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