Here are the updated notes:
Some Observations:
- Raymond decided to highlight the revenue numbers in the presentation as there has been a substantial growth in accounting terms. (135% YoY) 571 Cr vs 243 Cr.
- However, there has been degrowth in booking value in this quarter. (-13.5%) 562 Cr vs 650 Cr.
- While I have no clue of what led to this, chances are the month of Shraad getting extended might be the cause. May be a lot of booking may have been pushed to Q3.
- Management has reaffirmed 20-25% growth in booking value this year.
| Subscribe To Our Free Newsletter |
