Not sure about the past, but in FY23, they have made a provision of Rs 11.2 crore for bad debts, of which Rs. 7.6 crores was in Q4 FY23. It’s lower than the Rs.18.4 crore they had provisioned for in FY22.
Their notes in Q4 results indicate trade receivables for Rs. 50 crores from customers outside India. So while it is high, I assume besides what they have provided for as impairment, the rest will be recovered. If not, yes, we can expect more such provisions.
| Subscribe To Our Free Newsletter |
