Clearly disappointing news but a 30% drop! Market has clearly...

Clearly disappointing news but a 30% drop! Market has clearly over reacted.

We are back at levels not seen in over a year in circumstances where revenue has increased vastly since that time. Just look at the bar chart in the announcement! In Q3 of FY 15/16 revenue was 200m rs. This FY we have revenue of 600m rs in Q3.

After all what has happened in India in last few months, the transaction volume is down just 2.4% from last Q and expected to return to normal by March 2017. This is not to mention potential compensation for the loss as referred to in the announcement. The temporary increase in CIT costs is expected to return to normal levels.

It is sensible to delay exercising the option in the circumstances. Let the next couple of months play out and see whether things improve as expected. I didn't like how the announcement was worded in this regard and should have received an update before now.

All in all it isn't that bad. Am I missing something?