Operating Profits have halved with margins also contracting from 10% Jun’23 to 6% now.
Wonder how is the other income component calculated. Fair Value means what? Current stock market prices may not be true reflection of the fair value…
anyways, the firm has shown a growth in other income from 44Cr Jun’23 to 442Cr Jun’24. 10 TIMES! They have been aggressively moving away from holding cash to being invested in stock market.
Wonder how much additional money they would have poured in equity markets to generate this additional 400Cr other income.
Any sources which confirm how much they have invested since March 2023?
As per the balance sheet of March’23 they had almost 2000Cr in bank balance and their investments in Equity were 3112Cr as of March’24; could not get the balancesheet for half yearly Oct qtr end 2023
So this move from holding cash to equity has been beneficial to them so far… but yes its open to market gyrations… and if one were to invest in market only, why buy Maithan?
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