Evidence Synthesis
DAVANGERE Sees Accelerating Trends in Gross Margin, Marginal Operating Leverage, and Revenue Growth Yoy.
The company's gross margin accelerated to .25%, up from 22.99%. This represents a quarterly acceleration of 0.36%.
Additionally, marginal operating leverage accelerated to .99%, up from 3.26%. This represents a quarterly acceleration of 6.05%.
Revenue growth yoy also accelerated to .2%, up from -95%. This represents a quarterly acceleration of 1.47%.
In contrast, the close price remained flat at 2.99 INR.