Whalesbook
📉 Abhi asli picture dekhte hain
Company ke numbers toh ekdum shock karne wale hain. V2 Retail ka standalone revenue 96.14% neeche gir kar ₹2,730.18 Lakhs par aa gaya. Consolidated revenue bhi 94.17% down ho kar ₹2,917.70 Lakhs par pahunch gaya. Yeh operating business mein kaafi badi girawat hai.
Lekin iske bilkul opposite, standalone PAT mein toh 450% ka jabardast jump dikha, jo ₹9,931.85 Lakhs tak pahunch gaya. Yeh sab ek exceptional gain ki wajah se hua, around ₹2,188.52 Lakhs ka lease reassessment se jo Ind AS 116 ke under hua tha. Magar, consolidated PAT toh 80.07% neeche gir gaya, ₹10,206.54 Lakhs par. Matlab andar kuch gadbad chal rahi hai jo overall picture ko kharab kar rahi hai.
Kya yeh profit sach mein real hai? (The Quality)
Yeh jo standalone profit mein surge dikh raha hai na, yeh asal mein ek accounting adjustment hai, lease terms ko adjust karne se aaya hai. Isne P&L ko thoda sa saja diya, par asli business ki health theek nahi lag rahi. Iske alawa, company ne ₹600 Lakhs ka investment impairment provision aur ₹506.31 Lakhs ka PPE write-off bhi kiya hai. Aur haan, ₹400 Crores Qualified Institutional Placement (QIP) se raise kiye hain, jisse balance sheet strong hogi par investors ki equity thodi dilute hogi.
Aage kya? (Risks & Outlook)
Abhi sabse bada sawaal yeh hai ki Q3 mein revenue ka itna bada girna kya ek baar ka tha ya company ke core business mein koi gehri problem chal rahi hai? Management ne future ke liye koi clear guidance nahi di hai, toh investors ko lag raha hai ki asli business ab kaise chalega. Agle quarters mein revenue trends ko closely monitor karna padega ki yeh Q3 ka drop ek anomaly thi ya koi deeper issue dikha rahi hai. QIP se aaye paise kaise use karte hain aur woh growth mein kaise help karte hain, yeh bhi ek important watchpoint hoga.