I glanced at their Financial Statements for FY14 (FY15 has not yet been uploaded anywhere). Following amused me:
PBT according to the Cash Flow Stmt: Rs 4.20 cr
PBT according to the P&L Stmt: Rs 4.79 cr
Inventory Change according to the Cash Flow Stmt: Rs 4.61 cr
Inventory Change according to the Balance Sheet: Rs 1.55 cr
Total Working Capital Change according to the Cash Flow Stmt: Rs 4.01 cr
Total Working Capital Change according to the Balance Sheet: Rs 1.49 cr
I have no idea what to make of these Financial Statements.
Those having access to FY15 Financial Statements might want to comment on whether such inconsistencies exist in FY15 Stmts as well. If yes, all the reported figures lose their sanctity, unless someone is able to explain these inconsistencies.
| Subscribe To Our Free Newsletter |
