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From Last Concall

POSITIVES
  • •
    Strong near-term revenue momentum with all-time quarterly revenue.
  • •
    Robust order backlog supports visibility with multi-quarter delivery.
  • •
    Healthy balance sheet and shareholder-friendly actions signal financial resilience.
NEGATIVES
  • •
    One-off costs and FOREX volatility weighed on profitability in the quarter.
  • •
    Higher import content due to QCO compliance creates margin headwinds and inventory overhang.
  • •
    Absence of large orders in the quarter points to a softer near-term outlook despite base-order growth.

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