@chaitanyak : Thank you for initiating this thread. This one popped up on my radar given the significant jump in revenue. I did a cursory glance using screener on the balance sheet and had a couple of questions for you.
For the last 3 qtrs, the “Other income” segment is big whereas the Q2 operating profit is as good as zero. Any thoughts here on operating margin improvement and future guidance if any issued by the company ? I am happy that they have moved from -300% to +1% and trying to understand whats next.
The other liabilities section is also significant with trade payables for march 2018 being only 15% of 994cr… Also the other assets section had a big jump from 158 to 1537 cr which includes loans and advances of 1332 cr (Is this money owed by some company for the land sold? ). Atleast reserves are trending in the right direction. Thoughts here on these numbers and any future guidance by the company to clean this up?
