As this question has remained unanswered, let us put my thoughts on it.
I have faced similar issue in HCG, where it was in loss and still the tax rate on the profit was huge.
I could not understand completely but when a company has many subsidiaries and operate in many jurisdiction(or countries), then it becomes complex to get the view of tax rate from the screener.
Hence we should refer to the notes to the Consolidated Financial Statements in annual report.
For reference, in case of tata motors(From page 392/529),
Please go through the notes to tax rate completely by yourself to understand fully(I have just attached some part of that note) and also summarise it for us if possible, your learnings.
Subscribe To Our Free Newsletter |