hmmmm.. results are out on the due date but NSE`s site does not have any update about it nor the BSE site is opening the results. I got the info from somewhere else. Results seem to be good as 34% increase in profit and 18% increase in operating profit margin. Still the stock is down so much. Im buying it today, it will perform well when mkt improves.
BSE site that I have given is opening. But you have to replace the word dot with the symbol dot.
Consolidated revenues down almost 13% year on year and down more than 8% quarter on quarter, so that is a concern.
OPM is at 25% compared to 8.77% year on year. Six months` OPM is even better at 26.65% (last year comparable period at 14.76%).
Because of OPM improvement, consolidated qtrly NP has jumped a phenomenal 862% and consolidated six months` NP has jumped 207%.
I cannot say that the results are great. OPM improvement and the consequent profit growth is definitely good, however revenue shrinkage remains a concern. TTM diluted EPS now stands at Rs 22.
I have bought this share at Rs 251 after ICICI recommendation. I`d have added more today but the topline worried me.
| NIFTY 
