Board meeting was held without intimation to the exchange.
H1 Result:
PL:
Spike in all heads led to profit reduction vis-a-vis H2 FY 23. Company remained profitable and comparison YoY gives astronomical figures.
BS:
Minority Stake more than the current equity of the holding company.
Overall Debt has increased.
Trade Receivables are spiraling out of control.
Horrible Operating cash flows, story continues from previous half.
Another matter is the Receipt from Investing Activities of Consolidated Cash Flow.
The amount invested in Apex is supposed to 30 cr, how the company arrived at this adjustment only the management knows.
More adjustment in Minority Interest to arrive in H2.
Conclusion:
Ok results with deteriorating balance sheet but increasing orders.
The company posted profit in current half which may receive positive response from the markets considering this:
| Subscribe To Our Free Newsletter |
