Everyone is angsty when it comes to EKC and it is not because of the business, mostly it’s on account of the management. Promoter appears clueless on calls, shows little sense of numbers, has to be fed with data by colleagues, mostly gets back saying don’t have the number in front on me, etc.
However, the business is such that even a not so top-notch management can run it. It operates in a segment that has long-term tailwind albeit with some amount of volatility that is cascaded down on account of gas and oil price fluctuations.
10% seq (QoQ) isn’t bad, could have been better for sure, no one’s arguing that. From prospect wise, outside of favourable externalities like material diesel-CNG price differential investors hope something materializes in PV, Hydrogen segments.
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