revenue declined from 192 cr to 143 cr quarter over quarter. I had called company secretary last month (when revenue declined in the last qtr). As per him it is because of drop in the crude oil prices. It seems to be believable as company is able to pass the price benefit by keeping its margin intact (in fact it gone up a little bit).
So with the sharp decline in oil prices, don't think revenue are comparable. Will need to check if volume have gone up.
I am little concern about Vinati & Mohit Mutreja (husband wife) with different interest. Mohit has founded a company mainly into trading activity. Obviously, Mohit would focus more energy on his company..I hope it should not result into any conflict.
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