Company has been carrying a goodwill of 279.46 Cr on its balance sheet since many years. Any idea what is this amount stands for. Moreover, company not amortizing this goodwill and I found the following justification in the annual report. Company saying they are not amortizing goodwill and is mandatorily testing for impairment as per Ind AS 36. What happens if company start charging this amortization? IMO, This may dent the P&L hugely and of-course cash flows are intact.
From FY18 Annual Report
From FY20 Annual Report
Disclosure: Holding.