TGV SRAAC erstwhile Sree Rayalseema Alkali

Result is good, but better was expected. Other companies in this sector has shown better margins. Power cost has gone up by 50% QoQ. Last year company paid 67 cr to AP Gas Power for regular power supply at lower rate. What happened to that ? Other expenses have doubled QoQ. Price rise is not reflected in bottom line on commensurate basis. Deferred tax shown as 11 cr. Apprehend that management is reluctant to show more profit. And if they will not payback to investors now, then when will they pay?

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