Sorry for my mistake in the last post regarding this. (copy-paste error). Here is the reply I got from bartronics regarding other income -
"The other income during the quarter stood at Rs. 21 crores mainly due to the Mark-to-Market on Foreign Exchange exposure of the company. As many investors would be aware, the company had booked approximately Rs. 50 crores loss on this account for the period ending March 31, 2009."
so we can very well reduce the profit figure for this qtr by rs.21 cr,as this can`t be repeated next time, actual profit that can be taken for this qtr is 35-21=14 cr
That would be unfair.. we can take it as 23-24 Cr, considering that the tax outgo was abnormally high. EBITDA is the thing to consider - it is 54 cr compared to 51 cr QoQ. revenue growth has been very bad. how can the mgmt give a guidance of 1000 cr? have they revised their guidance?
Another thing to add here is - I am holding 700 shares at a price of 190 ( I bought when the market was at 19000+). I had very high conviction about this company, but the mgmt is failing to live upto its promises. They have given a revenue guidance of 1000 cr and achieved only 335 cr in the first half. So, to meet the guidance , they have to generate a revenue of 665 cr in the next 2 quartrs, which is next to impossible. At least, mgmt should be open and transparent and come up with a revised guidance. I will see for 2 more quarters and if things do not improve, I will book my losses and get out of this stock because I am losing faith in the mgmt.
| NIFTY 
