57.1. P Patel| Link| Bookmark|
January 20, 2021 9:27:35 PM
IPO Mentor (900+ Posts, 900+ Likes)
During the peak of pandemic and lockdown, company sold so many stoves that reflect such high jump in EPS from 1.05 in previous complete year to 9.57 in just six months?
Going through the statments , following factors contribute to the rise in EPS. 1. Decrease in interest rate / Finance cost 2. cost-cutting from employees salary and wages expenses 3. Notional tax for 6 months not considered 4. Stove continued as an essential commodity during lockdown. Hence operating revenue increased. 5.Saving from changes in working capital.
57.3. P Patel| Link| Bookmark|
January 22, 2021 12:09:14 PM
IPO Mentor (900+ Posts, 900+ Likes)
But this much increase !!!!!!!!
From 1.5 full year EPS to 9.57 in six month so annualized EPS is 19.
I''ve clearly written '' Going through the statements '' i.e P&L A/C Statement , CF Statement & Management comentary.The above points are not mine neither I recommend anything whether you agree or not solely depends on you.
Happiest Mind was also loss-making company till 2018 and retail quota was 10 % only but still insanity and madness seen from crazy investors.
57.6. P Patel| Link| Bookmark|
January 22, 2021 9:11:25 PM
IPO Mentor (900+ Posts, 900+ Likes)
@HML sirji - Apologies.... please read the corrected statement.
Not Agreed / convinced with given points from management.