As per Q 2 returns observations were
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June quarter consol profit 90.2 million rupees versus profit of 91.4 million rupees year ago
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June quarter consol total income 870.8 million rupees versus 822.7 million rupees year ago
In my opinion this action of suspending the plant operation move will help to optimise the allocation of resources but at least still have capex done there .in future it can be prove step like reliance in past had stopped operation of its petrol pumps but haven’t sold the petrol pumps station now from couple of years they started operating the same petrol pumps and same is with their old failed venture of mobile giving free hand sets in early years than they stopped now they unavail plan of gio which will be have disrupting growth and will kill the competition
Regards
Disc : invested in the Serra performance 3% of portfolio