@nirvana_laha sir, you had raised question on 330 cr increase in other financial asset, did management revert on this subject, since details were not handy during the call (In reference to Q1 FY24 earning call).
This is just a re-classification of FD with > 12 months maturity from CCE to Other Financial Assets. You can check Note 15 in the consolidated statement of accounts in the AR.
Is my understanding correct?
Catalyst procurement will be stopped going frwd which will optically impact just the topline, whereas % margins will jump.
He did say for new models and RDE components, catalyst will no longer be shown as pass through. For older models, I guess the earlier arrangement will continue. So yes I guess that should result in the true EBITDA margins showing up gradually as new models’ share increases. There is no material change in the quality of business due to this.
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