In Q4FY23, the company’s net sale surged by over 23 per cent from last year’s same quarter to ₹67.51 crore while the net profit dipped by more than 17 per cent from corresponding quarter last year. What were the contributing factors to the company’s performance?
Rossell Techsys operates in a highly competitive global environment, with increasing price sensitivity and more sourcing options in various geographies and countries. The company is cognizant of this situation. The company has a clear objective of growing its customer base and I am happy to state that our customer base has increased by over 60% over the prior year. The increase is not just in customers but also in different geographies like Germany, Sweden, Belgium, France, and Israel.
In order to do that, the strategy of the company is to be disruptive on price, via a risk-reward sharing model, to make an entry and gain the opportunity to offer its winning unique value proposition. The company believes that the opportunity is ripe as large size OEMs are focussing on lowering cost of the endproduct, for them to be globally competitive and affordable for more countries. The company shall continue to adopt this strategy to increase customer and geographic spread.
هذه القصة مأخوذة من طبعة July 03, 2023 من Dalal Street Investment Journal.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة July 03, 2023 من Dalal Street Investment Journal.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
How Good Are The Blue Chip Funds?
In the deep blue ocean of the Indian stock market, where volatility reigns supreme, investors often seek safe harbours. In such a scenario, can blue chip mutual funds emerge as a promising option for delivering better risk-adjusted growth? Vardan Pandhare explores
Multi-Asset Funds: A Comprehensive Solution For Diversified Investing
The Indian mutual fund industry has experienced remarkable growth, mirroring the nation's economic expansion and the corresponding transition of savings into financial assets.
Thematic PSU Funds: Value For Money
From the fun of theme parties to the depth of thematic investing, explore how focusing on specific themes can shape your investment journey. Various investment themes are trending these days, with thematic PSU funds being one of them. Rakesh Deshmukh takes a closer look at the scenario
5 BEST Dividend Yielding Stocks
Historically, the portfolio of companies that have paid higher dividend yield has performed better than the broader market equity indices. And this becomes evident from the fact that the calendar year return of these indices shows that out of 15 years of study, in 7 years, Nifty Dividend Opportunities 50 has outperformed Nifty 500. The article examines the phenomenon while also listing the five best dividend-yielding stocks
"Innovation And Capacity Building Are Central To CPCL's Organizational Development & Long-Term Success"
Interview - Shri Arvind Kumar, Managing Director, Chennai Petroleum Corporation Ltd.
BEL: Celebrating 70 Years of Excellence
Bharat Electronics Limited started with humble beginnings and is now a global powerhouse that is constantly broadening its horizons while enhancing its efforts for more in-house developments. In this interview, Bhanu Prakash Srivastava, Chairman and Managing Director, BEL, talks about the extraordinary journey of the company and the strategies that it is presently implementing to expand its products and technologies within and outside the defence sector
PSU Stocks Enjoy Their Moment Of Glory
After a phase of lacklustre performance under dark grey clouds, Indian public sector enterprises are now enjoying prime space in the sunshine, turning out to be smart bets in the Indian market. Primarily, this amazing turnaround has taken place due to the government's focus on infrastructure development in order to propel the nation towards the status of an economic powerhouse and also the revolutionary decisions taken by the managements of the PSUs. The article details the PSUs to understand their current status
Vodafone Idea YET TO ACHIEVE PROFITABLE CONNECTIVITY
Looking at the company's solvency and liquidity position, it has significant amount of liabilities which are greater than the assets, making the shareholders' equity negative
Eraaya Lifespaces Acquires Luxury Staycation Property And Commercial Retail Spaces
Eraaya Lifespaces' recent developments in its hospitality business showcase a robust strategy aimed at expansion and diversification
NIFTY Index Chart Analysis
NIFTY ERASES BEARISH BIAS
