Well, if you look carefully at the number of shares, you will see that it keeps on increasing almost every quarter…the company keeps giving out huge esop shares on regular basis thus diluting equity base and that’s why eps did not grow at same pace. They also did preference share allotment recently… Birla group
FYI, right now it’s having 259.5 crore shares and in 2019, it was having 220.1 crore shares. In 2017, it was having 123.2 crore shares.
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