Result for Q1 is out. Drastic jump in net profit due to lower depreciation amortization cost. Would like to view detailed notes on the cause of drop.
This has resulted in PAT and EPS to jump drastically. Projected PE for FY 23-24 based on Q1 now sits at just 17. It would depend a lot on whether the lower depreciation amortization cost is a one off or a reset.
Unfortunately, company’s also been put in ESM stage 2 list. So, 2% band and periodic call auction. Unclear to me whether it’ll be traded one day a week or everyday but just in time slots. First investment entering ESM 2.
Interestingly, company m-cap was around 467 cr yesterday and ESM stage 2 can only be applied on cos below 500 cr m-cap.
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