Sanghvi Movers

Thanks for sharing @anujpansari06

The Actual Confusion is WHY Gross Block numbers on Screener.in (~1500 Cr) and those communicated by the management (Rs. 2300 Cr) are different?

This difference can partly be explained by the fact that the numbers in Screener.in are for FY Ending March 22, whereas Management figure of Rs. 2300 Cr is for FY ending March 23’.

So, those two numbers are not directly comparable.

Still, question remains how Gross Block has increased from Rs. 1563 Cr in FY22 to Rs. 2300 given that capex was only Rs. 125 Cr in FY23.

As I mentioned I have written to the management to get a clarification and will share here when I do.

Thanks