It was a decent quarter as it was expected, good improvement in ARPOB, occupancy in jhansi is ramping up that’s a good sign. Also the unfreezing of nearly half of the amount by IT department also is a good news, also 244cr of cash though around 160cr would be released for Delhi accusation is still decent for the quarters to come, debtors days down to around 122days TTM. Let’s see how will be the Management’s commentary tomorrow but I still dont think we can get close to 1000cr this FY, 500-600cr in 2 quarters that too Q3 being a weak quarter doesn’t look achievable!!
I still don’t understand the fund raising though let’s hope to get a good explanation tomorrow.
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