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Stock under Rs 50: This textile stock jumps nearly 38 per cent in last three days, watch out!
Stock under Rs 50: This textile stock jumps nearly 38 per cent in last three days, watch out!

Stock under Rs 50: This textile stock jumps nearly 38 per cent in last three days, watch out!

Going forward, company also aims substantial debt reduction, de-leverage balance sheet while adopting asset-light business model for future expansion.  

Karan Dsij Article rating: 3.9

The company has improved on operational margins and was able to reduce the loss from Rs. 20.35 crore in Q2FY23 to Rs. 5.54 crore in Q3FY23. EBITDA for Q3FY23 was reported at Rs.75.83 crore – higher by 95.7 per cent Q-o-Q from Rs. 38.75 crore reported for Q2FY23.

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