They have given a good picture of the debt in the AR.
I think most of the loans are at MCLR 1 year rate.
The current part of borrowings is 25 crores which is the minimum expected repayment next year.
Interest capitalised is NIL in the current FY against 60 lacs last year as per the AR.
Interest capitalised was 50 crores in 20-21.
Last year they paid an interest 43 crores which is huge considering net profit of 105 crores. They have a cash of 249 crores as of Mar’23. It would be great to see some reduction in debt unless they have some new plans.
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