On the inconsistent margins, company has been informing in con calls that the different products has been introduced recently and the product mix that got sold in q1 and q2 is different. Hence based on the product mix it is inconsistent. However Saloni wagh was mentioning that they will try to maintain around 20 to 25. Currently their products are seasonal impacting. They are working on new products to reduce that as well.
One more great thing I have noticed is they have started bringing in key personnel in different positions to make organisation strong in r and d part and in production.
I guess this will take 2-3 quarters to show some change in numbers to be visible.
Lastly, the management started giving reduced guidance, down playing of actual situation. Looks like management has become sensible to stock market, a sign of maturity in their approach.
Disclosure: invested and my opinion might be biased.
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