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Tega Industries held a conference call on 14 November 2024 to discuss the results for the quarter ended September 2024 and way forward. Mr. Mehul Mohanka - MD & Group CEO, Mr. Sharad Kumar Khaitan – CFO and Mr. Pratik Basu Roy – President – Product Management, Global Sales & Marketing of the company addressed the call.
Highlights of the Concall
- Q2 revenues fell 6% to Rs 353.3 crore while OP fell 58% to Rs 34.35 crore.NP fell 85% to Rs 7.22 crore. The company mentioned that there have been certain delays in shipments and deployment of orders by customers, which it is confident of recouping in the next few quarters. It is holding on to its year-end estimates and guidance as given earlier of around 15% growth.
- Apart from delays in shipments and deferment of the orders by the customers, the group sales were also impacted in the current quarter due to receipt of payments, healthy inspection reports and dispatch clearance certificate from few of its ...
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