The company has come up with decent results on the margins front, however, sales volumes were lower YoY due to cyclone & flood in the quarter coupled with raw material availability issues.
Performance is as per my expectations & my biggest concern ( whether the company will be able to sustain its higher OPM in the current scenario) has eased up a little.
With that being said, Small cap investing is not for weak hearts🙂 Price volatility is extremely hugh & one Quarter results can easily move yoru stock by 20-50% on either side. Thats why building your own conviction is the key for holding & getting the benefits of compounding in these businesses.
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