The crude oil prices made big dent in last quarter, If I observe correctly from below graph, the crude oil prices were
Q3 (Oct’17 - Dec’17) : $50 - $60
Q4 (Jan’18 - Mar’18) : $60 - $66
Q1 (FY18-19) Current quarter : $62 - $72
The quarter wise price trend is still northward (although eased a little bit in last few days but overall its more than previous two quarters) . As we have just 3 weeks left in this quarter, is it safe to assume that current quarter will also have impact on bottom line until unless management is able to pass on all impact to customers. I am aware that they confirmed that they pass on this burden with lag of a quarter.
Views from seniors invited, which seriously impacts our investment decision