Few observations from the notes of FY22 AR:
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52% of capitalized assets are in vehicles, way more than plant and machinery.
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Although sales increased by 32% in FY22, fall in expenses such as “Freight, Packing & Forwarding” and “Laboratory Expenses” by 42% and 77% respectively seems counterintuitive.
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In FY22, promoter salary was increased by 100% when sales growth was 32%. Ironically, the director who looks after “manufacturing, quality control and R&D activities are supervised by our Executive Director, Dr. Sai Kalyan Surapaneni.” got a hike of 5%. That too when “The percentage increase in the median remuneration of Employees in the financial year: 20%”
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