I am still waiting for the concall transcript but i am not inclined to take any action as of now (2% of portfolio invested). I would definitely want to understand the reason for such high tax and what tax rate shall we expect moving forward. What i did like is that company still generated good Operating cash flow of about 199 crores. This makes the company valued at 20 times operating cash flow. I felt the revenue growth and cash flow figures are decent, rest let’s see once we have the concall transcript.
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