People want financial independence. Some come here for great investment ideas to accomplish FIRE, some build great businesses and some get lucky when they inherit it from their ancestors (cough cough).

This management got that FIRE without FIRE in the belly. I am no expert by any means but having listened to enough promoters, I am yet to come across anyone as clueless as this one. If munna bhai asked circuit for every simple question that someone asks, movie would have been a flop. This one is.

I was invested in this one for a few quarters and then moved my money to technoplast. Zero regrets. Now I come here just for lulz.

PS: Sincere apologies if i am hurting anyone’s feelings. I would delete this non-value adding post later.

Results look great but I would be better to have more communication from management for example on the contribution from the new 200 bed maternity care unit. For now this is what we know from their investor presentation “Further, we are happy to announce the operationalization of its new facility of an additional 200 beds focused on providing Mother and Child Care services from January 29, 2024.”

This means we should have had 2 months of performance from this unit being included in FY2024 results.
Disc: Invested in 2024

March 24 was fantastic year with Highest ever Sales of 177 crore and Profit After Tax of 30 crore having EPS of 1.86

Fixed assets jumped significantly from 84 crore to 206 crore

Source: x.com

Can someone explain to me why is finance cost paid in cashflow statement significantly different than finance cost in P&L even after adjusting for interest on lease liabilities

Quick Google:

The Reserve Bank of India (RBI) has imposed business restrictions on two Edelweiss Group companies, ECL Finance Ltd and Edelweiss Asset Reconstruction Company Ltd (EARCL), due to material supervisory concerns. These actions are based on observations from supervisory examinations, which found that the group entities were acting in concert to engage in structured transactions for evergreening stressed exposures of ECL using the platform of EARCL and connected alternative investment funds. This was done to circumvent applicable regulations.

Specifically, the RBI has directed EARCL to cease and desist from the acquisition of financial assets, including security receipts (SRs), and reorganizing existing security receipts. For ECL Finance, the RBI has directed it to cease and desist from undertaking any structured transactions in respect of its wholesale exposures, other than repayment and/or closure of accounts in its normal course of business.

The RBI has also highlighted incorrect valuation of security receipts by both EARCL and ECL, and other supervisory observations for ECL include submission of incorrect details of its eligible book debts to its lenders for computation of drawing power, non-compliance with loan to value norms for lending against shares, incorrect reporting to the Central Repository for Information on Large Credits system, and non-adherence to Know Your Customer guidelines.

The RBI’s actions are based on concerns that these activities circumvent regulations which permit asset reconstruction companies to acquire financial assets only from banks and financial institutions. The restrictions will be reviewed after the rectification of the supervisory observations by the group to the satisfaction of the Reserve Bank.