The result is not that bad at all. Without the very large one time income skewing the numbers , it’s the first quarter in many years when they have lost less than a rupee per share .
While this result may not attract new investors because they are still not in black, there are many things to please existing ones .
- Reduced interest cost by 2 crores or so and cash balance 55 crores in hand suggesting further debt reduction possible.
- Point no. 7 in small saying substantial portion of assets fully depreciated.
Disc. Invested around these levels recently
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