Dry cell battery main Eveready Industries on Friday reported a internet lack of Rs 442.53 crore for the fourth quarter ended March 31, because it made an distinctive adjustment of Rs 629.70 crore in direction of provision for excellent inter-corporate deposits (ICDs) and write-offs.
Indicating a stability sheet cleansing train, Eveready stated the changes akin to a provision for your entire excellent quantity of ICDs and recoverables, curiosity accrued write-off, and capital advance write-off had been disclosed as distinctive gadgets. And these changes had no impression on the operations of the corporate, a Williamson Magor group flagship.
The corporate had posted a consolidated internet revenue of Rs 63.07 crore within the fourth quarter of FY20.
Eveready Industries India stated as of March 31, 2021, it had inter-corporate deposits given to sure promoter group corporations and recoverable amounting to Rs 489.29 crore and curiosity thereon amounting to Rs 68.42 crore mendacity excellent.