Another point to note is that the management is not the most trustworthy when it comes to giving guidance. I have been following the company for a while now and if you go back to concalls of some 2 years ago the margin guidance has reduced from 26% to 19% to now 13-14%. As a matter of fact during the Q1 con call (the ban on purchas from FCI had already been announced by then) the management had said that the impact will only be 2-3% at most but then we got the shocker when results came out and the margins were 7%. So it’s very difficult to believe them. Would.love views of other members in this
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