Poor results. While loss can be explained by higher fixed cost of Depreciation and interest on Dahej plant, fail to understand decline in Sales. Probably, shifting of plant from Pune to Dahej may have adversely affected the sales but no communication from management on result/press release with consistent deterioation in performace is concern for shareholder.
Discl: I continue to own my partial holding as of now. (afterly liquiditng nearly 70% of my holding couple of years back). My view may be biased due to my investment.