Found this in their earnings call transcript -
@Ashar_Mann could you please explain the same to me in the context of the AS 109 and 101 as I have almost zero knowledge in that area? However, will now try to check the accounting standards.
Found this in their earnings call transcript -
@Ashar_Mann could you please explain the same to me in the context of the AS 109 and 101 as I have almost zero knowledge in that area? However, will now try to check the accounting standards.
Hi,
Can anyone explain their interest costs. Their int costs for FY 24 is about 40 CR, but when I look into the balance sheet, the long term borrowing is only 127CR. Even if I take the total borrowing of 675 CR, at rougly 9% rate the interest should be some where close to 60 CR. Not sure what am I missing here.
How does one buy these bonds?
Having a good knowledge of Ind As 109,
And Ind As 101
Will fix your questions.
My friend, you said the rally in Heritage foods is clearly driven by the political association. Why make blanket statements like that unless you have analyzed Heritage foods and feel it is extremely overvalued based on it’s fundamentals?
Anyways I leave it at that
current results were bad. any idea on the company?
my dates are
12 months:09/06/2023
6 months:- 08/12/2023
In my opinion, this is an unduly glorified press release. One should carefully read the published financial statements along with note 6 and note 9.
There are some contentious points -
In point 9 they have mentioned about “a fair value gain of Rs. 702.65 lakhs” against the allotted Invits which is being reflected in the P/L but I think that is more of an asset till not sold/encashed.
The rectification details mentioned in note 6 are resulting in a more glorified QoQ result. Just a point that one should be aware of.
The other income of 1015.77 lakhs, which includes ”the fair value gain of 702.65 lakhs" as per the press release, but yet the difference of 312.35 lakhs remains unexplained.
I am not an accounting expert but point 1 and 3 above may need further explanation.
I have not yet heard the earnings conference call, the recording and transcript of which have been published. I had infact even missed its schedule announcement. Rather when was it announced?
I hope to review that soon and find answers to my outstanding questions therein. Would appreciate if anyone knowledgeable can throw some light on these points.
Disclosure: Am invested.
Will need to add rolling equipment. To produce 3.5 Lakh Tonnes of green steel. Will be investing 5000-6000 crores.
Will be 1 million tons overall capacity of steel by FY27.
50% of capacity supplied to bharat forge which is looking to expand revenues.
Note: Company converts steel to semi-finished and finished forging and machining components used in Auto comp, oil and Gas and Industrial manufacturing.
So this will be backward integration for them.
EC will take one year. Funding plans EC is received.
But the important factor is setting up of Titanium metal plant in Odisha for defence and aerospace industries.
Total Revenue to be approx 7500 crores on incremental capex of 11750 crores with 20% editda margins by FY28.
Disc: -1% of PF. Looking to add if CMP drops below 700.
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