Srini,
On LC/BG, company imports a lot of raw material and ~20% of its sales is exported. So LC/BG are required for that. Since company is growing for last many years, these liabilities are also growing accordingly.
On increase in other expenses, ~2/3rd of total increase is coming from fuel and transport. The CPP they have in Valia is coal based, hence the increase. Also since freight rates went through the roof post COVID 2, these expenses also went up.
Hope this helps.
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