- Topline has grown by over 38% and PAT by over 64% YOY.
- However the Operating Profit Margin and the Gross Profit Margin have declined YOY;
- The Net Profit Margins have marginally improved YOY.
On the negative side:
- Sequentially, all the parameters have shown declines ie Sales down marginally; PAT down 24%; OPM, GPM, NPM down between 10% to 17%.
Clearly even though YOY Topline and Bottom-line growth is excellent, there seems to be definite pressure on the Margins, both YOY and sequentially. We await Management clarifications on the same, before taking a final call on whether to fine-tune our original Best Entry Price range which we had indicated as 160-180 on 9/10/2011
ORIGINAL CALL DETAILS READ HERE
Q2 FY2012 RESULT DETAILS SEE HERE
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