We must keep in mind that YoY, net profit has jumped from 3.27cr to 4.87cr (Sep15). This might look impressive. However, because of equity dilution (1:1 bonus in Oct14), EPS has dropped from 1.63 to 1.21 (for Sep15). Or did I miss something?
I agree that a bonus is not a real equity dilution because it doesn’t bring in any money to the business. However, it still does slice the EPS in half.
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