Schneider Electric Infrastructure Limited CC-Mar24.pdf · 2024-05-23
Congratulations to entire team for a very good set of numbers, sir. I have a few questions. First, I would like to continue on the other expenses itself. Probably the jump is quite significant in Q4 from INR31 crores to INR52 crores basically from 7.5% of sales to 11% of the sales. And if I probably look at your cash flow statement, what I see is that provisions for warranties have increased from INR8 crores to INR34 crores and allowances for credit losses are almost INR12.5 crores versus write-back of INR3 crores. So I just would like to get a sense that how much of this is in Q4 and how much is this for entire year? And I believe provisions or warranties are probably, as you earlier mentioned, on a conservative policy and there is a probability of write-back also over here? So that was my first set of questions. And then on the second, sir, in the cash flow statement, again, what I see that repayment of short- term borrowing is showing INR72 crores. But the balance sheet number, somehow the debt number probably remain similar at INR469 crores. And in your presentation, we have mentioned about big reduction of INR25 crores. So maybe if you can help us understand this as well? And my third question is on, if you can please give us an update on the new greenfield facility. When do we expect it to start as probably the transition has started based on the provisions we have taken in last year? And I have one more question on the provision of INR48 crores what we have done basically on ordering tax matter for earlier period, which you can just help us understand what is it pertaining to? And last question on the stock adjustment, what we see is INR44 crores, does it i mply that certain revenues where we were not able to book and we are carry forwarding the inventory buildup and the dispatches will probably happen in the coming quarter? Thank you so much.
So ma'am, just to -- sorry to interrupt. But yes, I forgot to mention that even for full year, we have seen that other actions going down from 9.3% to 11%, which is quite 47% higher as compared to sales going up 24%. So I fairly appreciate that lot of these provisions are for the entire year, but I see referred in your initial month and large part of it gets adjusted in Q4 and Q4 itself shows a significant jump. So that is why I was trying to understand that how much of these provisions have come in Q4 itself? If you can please provide that number.