I wrote about Ador Fontech here . Company came out with their quarterly results for Dec12 qtr. On YoY basis, sales fell by 15% and the operating margins fell by whopping 62%. Gross margins fell from 47% last year to 42% and operating margins fell from 18% to 8%. Overall it has been a disappointing quarter. This has been the worst quarter in a long time. Hope this is just an exception. Stock reacted by going down around 12%. Bought some more at Rs.78. Need to keep track to see if this is a temporary down phase or a permanent change in business prospects.
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