The company has announced FY24 Qtr 4 results. Op Margin improved in this Qtr – has it turned for the better? Sales has been Flattish but to give credit not falling either. WC released money but its sustainability is suspect as the debtors have dropped significantly and creditor days have risen. Debt has dropped as a consequence.
Sales started improving from Q3 onwards, EBITDA has improved from Q4 onwards. Good chance that the problems are behind. Now as economy improves the growth will return
Employee Cost Increased and Other Exp reduced-HOW?
SBI MF bot from QRG (Havells) and SocGen from Marshall Wace? @ 234
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