“With effect from 01 January 2023, the Company has changed its method of depreciation on all Property, Plant and
Equipment from Written Down Value (“WDV”) method to Straight Line Method (“SLM”), based upon the technical
assessment of expected pattern of consumption of the future economic benefits embodied in the assets.
Due to the aforesaid change:
o The depreciation expense is lower by Rs. 388.7 Mn for the full year ended March 31, 2024.
o The Profit after tax (PAT) is higher by Rs. 290.8 Mn for the full year ended March 31, 2024.
does that mean pat yoy is almost slightly same after dedicting 29 cr from 120 cr
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