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In the June quarter, the company’s total income grew 65 percent to Rs 157.8 crore and it had a turnaround in loss to profit of Rs 39.54 crore. Ravi expects the second half of the year to be better with nearly 75 percent of capacity utilisation.
The company had repair works that impacted capacity utilisation in the quarter gone by. The company was given a Corporate Debt Restructuring (CDR) package with certain capital expenditure (capex) restrictions.
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