The MCA(Ministry of Corporate Affairs) has introduced Covid-19 Related Rent Concessions as per their notice dated 24th July 2020. The management has opted in for it, and since that doesn’t get included under their rental expenses it gets added to the other income and for this quarter has helped in reducing their overall loss.
What needs to be noted is that the 200.6 million mentioned doesn’t seem to be there under the rental expense.
Going forward if they opt out of the concession this can have an impact on the profit margin, if any, in the subsequent quarters.