Since company preponed the concall, I missed on attending it. So I am curious to know whether management mentioned exact reasons of why sales were lower this quarter (YoY as well as QoQ). Also “Don’t look at quarterly numbers” tune should have been played during good quarter (which was last quarter), not during bad one like now. Sorry for being skeptical here but I have seen many companies playing this game. Good numbers are always due to them and bad numbers are due to “n” numbers of reasons beyond their control. Also timing of declaration of receipt of new orders is highly suspicious.
All in all, I am hopeful that my doubts are unfounded. But it is better to be safe than sorry, since it our own money. Would like to wait for few more quarters before allocating more capital to this company.
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