Agreed that management should have given better guidance (especially for Q3 since they knew production capacity being diverted to IMTEX). Also the fact that they had to reduce client deliveries to prepare for an exhibition shows constraints on all kind of bandwidth - capacity, technical and management bandwidth.
However, what gives me comfort is that management did not use the bull run to dilute stakes. They are still quite conservative on maintaining healthy balance sheet.
It will take a few quarters of consistent delivery to gain marketās trust again. I hope the management learns the lessons and implements them.
I agree & one of the observations for me though I missed writing it out was that the promotor didnāt sell at the peak & leave aside that even when he knew that performance wasnāt going to be great.
Now getting big orders has been a visible challenge for them & somewhere feel they are trying everything to get as many orders as they can & have even ventured into developing new machines. Add to that the Opening of new centres, participating in exhibitions, exploring export, etc etc.
How these initiatives help, itāll take a couple of quarters to see any tangible changes.
Itāll test the patience & even the conviction, so itāll all depend on oneās investing style & needs from their investment.
