Joined: 06/Feb/2009
Location: India
Online Status: Offline
Posts: 1868
Posted: 14/May/2013 at 10:44pm
After going through numbers in detail, I could say that performance doesn't look spectacular as such. Net sales for FY13 have only gone up by 15% while most of the surprise has come from lower inventory build-up, higher other income and tax reversal in Q4. Without that profits would have gone up by 25% which not bad as such in the current environment.
‘The market always does what it’s supposed to — BUT NEVER WHEN’.
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