A simple look at the company’s balance sheet on screener shows that the company’s equity base (share capital + reserves) increased by Rs 148 odd crores. On the asset side, there are no major investments being made, but a majority Rs 112 crores has been blocked in trade receivables, which is one of the primary reason for the company posting negative operating cashflows.
A question regarding this was also asked in the Q4 FY23 concall. The company stated that this substantial jump in trade receivables is due to the share of GMV from the B2B business has increased from 9% to 12%.
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