Just went through the Q2 FY 25 concall. I am a bit concerned about the way the management spoke with one of the investors.
Maybe the investor’s questions were ignorant (I don’t think they were) and maybe he was asking things which cannot be predicted before plant is operational. I have seen many investors and analysts ask much more basic questions in other concalls and generally good management answer them politely.
The company management spoke things like, “you should be aware of what’s happening in the country then you wouldn’t have asked such questions”, or “don’t waste your and my time”. To me, this looks like a big red flag.
Otherwise, didn’t find too much negative in the results and future plans. Lot of capacity coming up in a few years. Company is waiting on approvals and that was one of the concerns from the investor. Other than that, I was hoping to get an update on the hotel business but there was no updated provided around that.
Hopefully, I am not reading too much into it. Would love to hear thoughts of other members on this.
Disc: invested and thinking about exiting.
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