The point I’m trying to make is the Design & Build Business is an altogether different business than what they are currently doing.
Their earlier business model of working on themes for office spaces/designs (based on my understanding) doesn’t involve as many challenges as the Design & Build Business will bring in. At the same time, Design business (w/o Build part) in itself is lucrative and a cash cow while D&B business makes you another contractor in the market.
If company is foraying into D&B there’s a high change that they understand the limitation of their Design business (or it has reached the saturation) and now they are entering into an inferior business altogether. D&B business is a cash guzzler in terms of Working Capital and Customer penalties,etc., There’s a reason you don’t see lot of big companies in D&B business.
Hope I was able to convey my perspective.
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Did 6+ crores revenue in Q3 and have a order book of 10 crores,
Most prolly revenue for Q4 will be around 14+ crores,
Quite a good growth for FY25 as whole and even for H2,
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