Company came out with their results, FY20 revenues came at 1830 cr. vs 1979 cr. in FY19. EBITDA margins for the full year is 12.7% which shows that the sector is probably not in red yet i.e. we probably haven’t reached the bottom of the cycle. No more dividends for the year, all their debt investments have been redeemed which leaves them with a hefty bank balance of 638 cr. I will update the post once they come out with their presentation and annual report.
Disclosure: Invested (latest position size here)