Delton Cables:
PBT excluding exceptional items stands at 35.1 m rs which is lower than PBT from exceptional items (stands at 48.3 m rs) in q4fy24. Tax paid in q4 is down 62% YOY.
Concern is, whether company is just trying to inflate numbers to make the most of current rally in power sector ?
Other concern is on trade receivables side. Total rev for FY24 is 4032.9 m rs and trade receivables are 957.6 m (almost 25% of total rev). TR in FY23 was 514.6 m.
Insights from forum would be really helpful around these concerns.
P.S. : Posting here, as there is no open thread on Delton Cables.
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