I stopped tracking this since I sold it in Jan 2024, as i needed cash (it was a doubler for me). However, I wanted to revisit this again so went through its results and investor presentation today. Still looks like a solid business! It continues to be an innovation mindset based firm. Some of the key reasons that got me interested in this were opportunity for small to mid cap expansion, less competition, high margins, using money well for revenue accretive acquisitions (ex: Adara), TAM is huge (recently entered airlines also), asset light model, competent management which has been delivering good results. Price action wise also it seems like it underwent decent consolidation for almost 10 months with good support at 650 levels. Looks interesting ! Thoughts?
Results for the quarter ended 30 June 2024: Revenue grew 21% YOY and PAT 82% YOY
https://www.bseindia.com/xml-data/corpfiling/AttachHis/bb7235ea-fd05-4808-a515-6004603cef0a.pdf
The audio recording of the earnings conference call:
Investor presentation
https://www.bseindia.com/xml-data/corpfiling/AttachHis/8fa0fa0e-38cc-4755-8072-92f2bb46fcae.pdf
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