Som Distilleries & Breweries Plans to Increase Capacity in Odisha Unit says CMD JK Arora

JK Arora interview:

Udisha unit – 6 Million cases/month to 10 million cases/month (Before march-25)
Green Projects – UP & West bengal (plan for FY25)
Revenue target (FY25): minimum 1600 Cr.

Disc: Invested.

Had presented this to my clients in Dec 23.
Tega industries_BC.pdf (188.3 KB)

Disclaimer: SEBI-regd, not a recommendation.

Posting queries sent to PEL IR. Will post reply. If anyone knows answers to any these questions, please help

Please help me with the following queries:

1. Page 10 of presentation : Legacy loan book 14572 cr, existing provisions 2516cr against it
   – Is 14572 written down value on books after 2516 cr provisions.
   – Has the 2516cr already been used to write down book or resides on balance sheet as provisions

2. What items contributed to loss of 570 cr in fair value net gain loss in P&L

3. The 729 cr provisions taken is on the legacy book only or across entire book

4. What investment property was written down by 600 cr in this quarter? What changed in one quarter to see such a dramatic fall

5. This quarter writing down 4200 cr of legacy cost us 2400 cr which means provisions were clearly inadequate. It might better to write on legacy book at realisable value in one go than negatively surprising in results every quarter. Just a suggestion

6. Book value has been declining/stable for over 2 years. Is it safe to assume it will resume upward trend only in Fy27 as l foegacy book will be written down @ approx 7000 cr for two years each

7. The Price to Book for PEL is the lowest in the industry. Even PSUs have better Price to Book. Is the management aware of this divergence and trying something to change perceptions

8. The 278 cr goodwill written off, when was this created and what exactly was this asset for.

9. Where does the 10267 cr loss exist on balance sheet for carry forward, if it does exist on balance sheet.

Isn’t the new MD appointed from 1 July?