The company’s topline has been about flat, and operating profits/margins have been declining for the last 4 quarters. For FY24, net profit may not exceed 15cr. There has been a change in geo mix, exports have dropped, and domestic sales filling the gap. But domestic sales it seems are less profitable. The company’s stock price can be under pressure until there is improvement.
However, the family taking a big chunk from the company as salary is a big sore point for me.
Edit: The call may happen, but dates are not decided yet.
Disc: interested, but no holdings.
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