Yes, but only six days earnings (26-31 March, both days inclusive) will be consolidated in the March quarter results, so the effect will be minimal. Full quarter earnings will come in from 1st April.

They paid 51.5 Cr. of interest in Q4 FY24 for outstanding debt of 577 Cr., When I calculate interest on annual basis : 51.5 x4 = 206 CR. ,and when I calculate the rate of interest on debt of 577 CR : 206/577 x100 = 35.70% rate of interest.

35.70% rate of interest is extremely high rate of interest. AM I missing something ?

Please Guide

“AGI’s resolution plan got “conditional” approval from the CCI in March 2023. There were complaints that AGI’s acquisition of HNG would create a monopoly in the segment it operates yet the CCI gave its go-ahead on the “condition” that AGI had agreed to divest HNG’s Rishikesh plant”

So looks like it was voluntary in order to ensure CCI doesn’t raise concerns on monopoly.

Best case assuming positive SC verdict it will take 6 – 9 months before AGI would get hand on HNG assets. This is turning out to be long drawn battle.

In short term , narratives sometimes outweights fundamentals of stock. Fundamentals after Regulatory action does’not change, but with good quarterly results , Narratives changes fast. Things which does not look good in bad narratives suddenly start showing some worthiness after positive narratives. What lies a fine difference between good and bad narrative is the patience. But I always try to remember that market can remain insolvent for very long time , enough to loose one patience. Let see where it ends and who wins- patience or narratives.
Disclaimer: Holding & biased.

Good results. YoY 50% jump in sales and 61% jump in profits. QoQ also growth is sales and profit albeit in 25% range.