Well said. IT building 4 will take much longer than expected going by their past record of building 3. Demand scenario is also not looking great. Exhibition center revenue will be affected during upgrades. DAICEC is another unknown. Overall, as you said revenue will be flattish and net profit will be volatile (even otherwise it is volatile) for next 2 years, and that is if everything works out as projected.
Two years is a long time to wait for the story to play out. There will be corrections along the way. I think current chapter of the story started when building 3 was completed and next chapter will start when building 4 completes. Until then I am not in a mood to ride along.