The result looks good when compared on YOY base but with respect to previous quarter, there is reduction in sales(-13%) and margins have also reduced by 2%. This has impacted net profit by 40% wrt previous quarter. This i believe is the reason for lower circuit for last couple of days.
Overall I don’t see the fall continuing for much as result are still decent, It has corrected a lot in last few months and the future prospect looks bright considering tailwinds and expansion plans company have.
Disc – Invested on current levels and looking to invest more.
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