That explains it!
I went back and searched all statements for last 10 years and tallied cash flow statements. So till 2017 they weren’t paying advance taxes (I am not really sure why, maybe some regime change). Till 2017 all cash flow statements were prepared with Profit Before Tax and then Tax paid was deducted from the CFO to arrive at Net CFO.
For 2018 they only paid less than 2 lakhs in advance taxes and CF statements changed to Profit After Tax with Direct Taxes being added back to CFO to arrive at Net CFO.
For 2019 and 2020 they paid significant advance taxes and as such they are being added back to CFO since these are technically advance payments to arrive at Net CFO.
The figures of 532.64 is advance tax paid in 2020 and 300.78 advance taxes paid in 2019.
I have also emailed the company just to be double sure of this logic. Will update if they come back with an answer, but I am sure its the advance tax treatment that’s been changed since 2018 onwards.
Email Sent to Investor Relations
