There is an excess depreciation of 59 Crores. so if we add that then PAT will be much higher than last quarter. Secondly, if you look at the balance sheet there is still a capital WIP of 137 crores. This means that one of their pulp mills is still not operational. That benefit should come in the next quarter. So, if there is a fall in the share price on Monday, I will definitely load up.
They have also announced the setting up of a 2 MW solar plant. That should lead to a decrease in their energy costs which have been a persistent pain point for the past few quarters.
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