I also didn’t understand both points raised by @gurramlokesh.
Also, trying to understand their balance sheet and maybe very basic questions, but can someone more experienced help me.
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Their Reserve Fund and General Reserves went up 25.76 Cr and 6.44 Cr respectively, but I don’t understand how did this happen. The net profit in the previous year is only 17.19 Cr and they didn’t raise any new share capital, so how did the reserves go up? I also don’t understand the difference between General Reserves and Reserve Fund, but perhaps this is not so important question.
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Once the Q1. is answered, perhaps I can try to find out how did their net revenues shoot from 30 Cr to 169 Cr, while reducing the expenses from 9.7 Cr to 7.1 Cr.
Seems they did something last year, which increased all numbers by such a great margin, but I see no explanation from the director about this in their Annual Report, which makes me suspicious of the quality and intent of the management.