Did anyone go through the bizarre concall. I glimpsed through it and each answer looks like a confused mess. Don’t have the energy to parse through it in details but if anyone has done the analysis, please share:
- Why are they not including ESOP costs in their PAT margin, if it’s part of the remunerations then you must consider it?
- Management said the VI commentary that they have 6 month runway is not based on ground reality and that it’s strategic on part of VI to get waiver from govt? I sincerely doubt that Suyog has more insight then govt auditors
- Company talks about installing so many new towers (4.5k) in FY25 but they installed just 100-200 towers in Q4, after reaching 1800 tenancies in Q3, why?
- Also, how come company is getting money from ESOPs? Isn’t this expense they have to pay the employees (might be a very obvious explanation but I seem to be missing something)
For FY26, we are raising INR100 crores from bank debt right now.
Another INR150 crores raised from internal accrual. So it becomes
INR250 crores. Another INR50 crores will come from promoter for
their past warrants and ESOP. So we are able to reach around INR300
crores easily. And INR100 crores shortage will again go for bank debt
where we are working with the bankers
- This is just beyond my head:
Sir, it is like this. You said INR90 crores. ESOP of INR30 crores from
Suchitra Lature is left, INR120 crores. Now the arrangement of ESOP
of INR27 crores is INR30 crores. INR30 crore and INR 30 crore,
INR60 crore and INR90 crore, so INR150 crores is done.