Yes, the recent results were good and it seems company has been able to optimally utilize the recent capacity expansion from 2.25 lac tonne to 3 lac tonne. As RM costs have been easing, we should see good margins for coming qtrs too.
I was worried to see the increasing debt and increasing receivables in the Sept 17 balance sheet. However, there is a substantial amount in investments…which are parked in mutual funds. It seems this amount is being accumulated to take over Sathavana, if they go ahead. From concall it seem Tata Metallik is also interested in Sathavana.
Don’t understand why Sripipe wanted to do a QIP sometime back