- Fy24 is expected to be between 1160-1190 Cr as per the last quarter press release (80-85% growth over FY 23)
- The above translates to nearly 340-370 Cr sales in Q4-> this will be the highest ever quarterly sales, and if the EBITDA margins sustain, 40-45 Cr ebitda
- FY26 target of 2500 Cr will be nearly 2x of FY24 ( in the arihant capital interaction – available on youtube, they have mentioned the internal target of 2500 Cr in calendar year 25 itself, so FY 26 might be slightly higher if they sustain.)
- In case they achieve these numbers , stock price should reflect this trajectory over next 8-10 quarters
Disc- Invested and biased , holding from 590 odd levels.
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