The results for the the 2nd quarter are out. Link: http://corporates.bseindia.com/xml-data/corpfiling/AttachLive/9E940896_0321_48CC_9F2E_FCCE746E8005_135047.pdf
The results should be compared Y-o-Y as it is a seasonal business (mentioned in result footnotes also). Though Y-o-Y the loss has widened due to lower sales. Employee costs have gone up (This I feel should be compared Q-o-Q); Depreciation cost has gone down.
The major kick in sales should come once they acquire another OPV for which the CFO has already said that they are in advanced talks and we can expect a notification on the same very soon.
Disc: Invested. Looking to add more at dips of 15-20%
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