Interestingly enough, in the latest concall, management was not ready to give any indication about their capex plans for the next couple of years, in spite of persistent questioning by the analyst from Lucky Investments. I quote:
“So we have no upper limits in our mind with regard to how the growth block should grow. It
completely is driven by the demand. So we are able to like set up our deployment in a way that
like we are prepared for large capacity expansion.
But obviously, we keep building the capacity as the demand keeps coming in and as the
customers keep getting signed up onto our platform. So based on that velocity, we keep on
building the infrastructure. Now, obviously, there is some sense to this fundraise.”
I understand being ambitious in wanting to capture as much of the demand you can, but in business you do plan your capex, fund raising, etc couple of years in advance right? Can’t be open ended! I found this part of the call interesting and perhaps a bit strange.
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