All the infra projects for the company are based in India. However, If we look at the standalone Receivables, it has hardly changed from 35 cr LY to 34 cr TY. It’s the overseas subsidiaries receivable which has increased from Nil Last yr to 52 This Yr (Against an Overseas Revenue of 90 cr) !!
Not sure why the management would not mention anything along these lines and put it on Infra. Am I missing anything ?
However, to be fair to them, ~85% of their receivable is under 6 months and only ~12 cr > 6 months which corresponds more closely with the infra number.
Not Invested. Tracking.
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