One observation which merit attention on 2Q FY2024 results. Depreciation policy has been changed during quarter which has resulted in lower deprecation for quarter by 94% y-o-y. Given that a large capital work in progress (INR211cr) is going to get capitalised most likely by end of year, not sure what is the real intention behind change in deprecation policy.
Disclosure- Not invested but tracking closely.
| Subscribe To Our Free Newsletter |
