Achanak profit mein ye 'Tax Credit' ka jaadu!
Toh bhai, SPL Industries ka jo Net Profit 690.9% uchhal kar ₹238.42 Crore tak pahuncha hai, uske peeche sabse bada haath ₹208.60 Crore ke deferred tax credit ka hai. Yaani, yeh koi core business se kamaya hua paisa nahi hai, balki accounting adjustment hai. Iske saath hi, 'Other Income' mein bhi 123.5% ki badi leap aayi, jo ₹660.85 Crore ho gaya.
Lekin real business mein toh haalat patli hai!
Jahan ek taraf numbers acche dikh rahe hain, wahi asli operational performance ki baat karein toh Revenue From Operation mein 45.2% ki heavy girawat aayi hai, yeh ₹1,465.09 Crore par aa gaya hai. Pichhle saal issi quarter mein toh yeh ₹2,000 Crore se bhi zyada tha. Iska asar bhi dikha, company 'Profit Before Tax' mein ₹48.60 Crore ke loss mein chali gayi, jabki pichhle saal yahi ₹144.40 Crore profit mein tha.
Total Comprehensive Income bhi gir gaya?
Aur chinta wali baat ye hai ki jo 'Total Comprehensive Income' hota hai, jo company ki overall financial health ka ek broadly indicator hai, woh toh 75.6% YoY kam hokar sirf ₹238.42 Crore reh gaya hai. Iska matlab, net profit toh accounting se badha diya, lekin company ki asli value creation aur financial position lagta hai ki kamzor ho rahi hai.
Ab investors kya sochein?
Investors ko ab yahi dekhna hoga ki 'Other Income' ka yeh surge aur tax credit ka fayda kab tak milne wala hai. Revenue mein jo 45.2% ki girawat aayi hai, uska reason kya hai aur company apne core business ko kaise theek karegi. Yeh sab sawaal bahut important hain kyunki sirf tax benefits se company long term mein nahi chal sakti. Auditor ka report bhi dekhna padega.