FY25 Guidance was 500 crore if you look at con call.
They acquired another company which has low margin to get entry into Europe which contributes around 17 to 18 crore I think this quarter. so the revenue has hardly moved probably still reeling from the effect of more supply and demand still recovering
Now we can do 2 things. Either invest and hope the expansion of 600 crore will contribute well over next 5 yrs or wait for 3 to 4 quarter to see if they are producing the results and then start adding positions. The other alternative is wait for market downturn where the macro env can provide us with a better entry point which provides a margin of safety
And finally are there not better opportunities elsewhere ?
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