In the concall, management has listed down various initiatives to cut costs and reduce working capital requirements. While that would help to mitigate some pain, their biggest challenge is to bring down debt which will in turn bring down their interest cost. In Q1 FY 25, interest cost for the quarter is higher than PBT for the first time in the history! This is a worrying sign and I hope management would make efforts to strengthen the balance sheet by diluting some equity.
Disclosure : One of my largest PF holding. Transactions in last 30 days
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