Evidence Synthesis
KOLIMELI SUGAR LTD.
(KSOLVES) SEES QUARTERLY EARNINGS IMPROVE, WITH GROSS MARGIN ACCELERATING TO , UP FROM 27.33%.
The company's gross margin accelerated to 50.57%, up from 27.33%, while its marginal operating leverage also improved to 27.33%, up from 21.1%.
However, its revenue growth year-over-year decelerated to 29.1%, down from 65.8%, and its daily volume decreased to 18,505 shares, down from 73,295 shares.
The close price also decreased to 293.7 INR, down from 295.45 INR.
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