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Tega Industries held a conference call on 09 February 2023 to discuss the results for the quarter ended December 2023 and way forward. Mr. Mehul Mohanka - MD & Group CEO, Mr. Syed Yaver Imam - Director – Global Product Group and Mr. Sharad Kumar Khaitan – CFO of the company addressed the call.

Highlights of the Concall

• Q3 performance has been impacted due to supply chain challenges arising from the red sea crisis and few instances wherein the conversion orders have taken longer than expected timelines. There was shipment delays and higher freight costs in the second fortnight of December, emanating from the raging red sea crisis and the ongoing geopolitical tensions in West Asia. The situation has improved now.

• The freight levels for the major part of 9MFY24 were lower than last year. It was only at the fag end of December, the second fortnight of December, where the freight rates went up. It does not impact the company too much because all th...
  
  
  
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