On 24 May 2021
The Doordarshi advisors said “We expect that the company should grow PAT by 15% CAGR over the next few years (management has guided for faster growth).”
So now that we have benefit of hindsight, you can compare the actuals and the projections, In FY22, PAT went down by 22.xx%, in FY23, PAT went up by 12%, in FY24 it then went up by 46%, now you get a smoothened version, overall PAT grew by 8.39% CAGR in the last 3 financial years (((2,197/1,725)^(1/(2024-2021)))-1)*100
So now, we know what must we do with projections! Lest we still remain uninitiated, here’s Charlie Munger talking on projections:
Warren Buffett & Charlie Munger: Projections
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