Decent set of nos. with even greater update. Mgmt. is still optimistic about achieving it’s FY24 target of 150 cr. revenue.
Recent budget had declared conversion of 40k conventional rail bogies to ‘Vande Bharat’ standards. This produces a substantial opportunity for Frontier.
6k ton hammer in forging division will start contributing financially Q225 onwards.
Disc: Invested. No transaction last month.
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