Results are as expected though this quarter the OPMs were hit because of higher other expenses. The balance sheet is superb with no short or long term borrowing. There’s hardly any other company in the sector that can boast of such strong balance sheet. Cash balance has also soared. With the ownership now consolidated with the owner of the company there can be significant wealth creation in coming years and interestingly even the charts seem to suggest this. Let’s wait patiently while the story unfolds and hope for the best.
Good numbers and with management achieving what they had guided for. Balance sheet has improved significantly. Good numbers overall though lack of dividend was a little disappointing.
God Bless !!!