Q1 2025 results are out and do not meet the market’s expectations. No wonder this company is the market leader in HV/LV switchgear contacts and has been doing business for more than 60 years but has not developed a moat in business. Their business prospects are up/down due to commodity price fluctuations.
this quarter’s gross profit margin is less than 1%
Silver hedging loss 3.75 cr and profit 1.14 cr.
Invested and sold 50% holding after Q1 25 result.
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