Can anyone explain would it not be safe for the company if it lends to psu or govt backed projects mostly? It too would have low or no NPAs like IRFC? How much safe is it to lend private players? I am a newbie here and trying to understand and learn. Thanks in advance.

EClerx Q2 – FY24 Concall Notes :

• Good growth QoQ in sales(5.5%) and profit(27.1%) , margins above Q1 (18.8% vs 15.5%)
• Lower Delivery costs causing EBITDA margins to go up
• Financial, capital market compliance & KYC assistance driving fast growth
• Good Q3 expected. Also revised growth upwards. Earlier gave downward margin guidance.
• Europe, luxury post-pandemic hyper-growth is now normalising.
• Generally, Q3, and Q4 margins are mostly in line or better versus the Q2 margin. So, the same trend can be expected.
• No seasonality in product portfolio in Q3
• 900 Cr cash pile up & looking for M&A opportunities. Recently opened new position of M&A head.
• Looking for higher growth by increasing the onshore sales team. This will depress margins but provide growth in the topline
• Growing headcount in line with sales.
• Hiring in 3 different streams, ML researchers, business analysts and the implementation team as well
• Not seeing a major threat from Gen AI at the moment.
• The FY25 picture will be clearer by Q4 FY24.

Interesting writeup by Dr. Malik. He isn’t impressed with company’s history.

Do you see any reason why no bid is there from Tata Power? Are the management willing to enter or not?

So you mean concall and presentation is sufficient?

One more thing by using screener,tijori or trebdlyne company’s past performance and balance sheet is sufficient?

Our focus should be more in concall?

From last few days I was in same dilemma if get all information on some platform than is it required to go through annual report?

Please share your view and guide.