Looks like they want to move to FD to improve the margins.They have hired a new CMO as well. A couple of qtrs back, then new CEO Dr. Ramarao said, the focus then onwards is going to be on Cash flow generation. They have completed lot of capacity expansion and it should support in revenue expansion. However, I am not sure why most of the capex is driven through Debt and not done with internal accruals.
Subscribe To Our Free Newsletter |