This slowdown in result was very much expected, Their India business will suffer from chinese lighting equipment supplies and they operate in government projects where they award project to the lowest bidders…a system where growth is not possible without chori chakari (stealth & theft and fraudulent accounting and billing) … the company is not focused on increasing topline and bottom line. and to be honest I couldn’t understand its overseas operations. i am staying away from this… this is not an investment advice or influence on anyone.
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