Total Infra sale for year was 15.28cr. Receivables increased from 32cr to 86cr…When question was asked about icrease :-
Q) So, my last question is, this significant jump in receivables this year, any comment on the same?
Amit Sheth: See, infra projects are increasing. We started two years back and it’s actually becoming bigger than home, maybe it will be parallel to retail. Now we all know that government money is secured. Infra is mainly with government or large contractors like L&T, Shapoorji Pallonji or Tatas. The problem is that till the time the project is not executed; the payment is not cleared and that’s where it is a little bit stretched out. But what I understand from our CFO, maybe Tarun, if you can come in and explain what you had during our annual sales meet how the payment has improved.
Payment in regards to retail, home and other sectors, we have controlled over it and as sir rightly said only in infra wherein there are government formalities are involved. In that, it is taking time. Otherwise, if you see in retail and home and in railways, we do not have substantial outstanding at all, I mean every outstanding has been controlling below 180 days. So, it doesn’t go above 90 days in short, to be very honest. But it is well in control in those three verticals.
Q)But if we see the fourth quarter, the main contribution was coming from retail and home. But still our receivables jumped to 81 crores, while the turnover was just 60 crores.
It’s an accumulated receivable. It’s not of that quarter. You are looking at the turnover of the quarter, but the receivables are accumulated of the whole year, no. See, as a company, what we see is whether it is 30 days outstanding, 60 days outstanding, 90 days or 180 days. So, it has got nothing to do with the turnover of that quarter, but it is not possible technically that if you have 60 crores turnover, you will run outstanding of 80 crores, right? So that is an accumulated over a period of time.
Q)More than six months, what is the receivable we have?
I think what we can do is you can ask these questions on e-mail also because there are a lot of people waiting, they’re almost 19 messages here so that it can just move a little faster and those questions can be answered in between also. Tarun, just remember this and answer it once you see it.
Neither invested nor tracking the company.
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