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 the direction of provision for excellent inter-corporate deposits (ICDs) and write-offs.
Indicating a stability sheet cleansing train, Eveready mentioned the changes comparable to a provision for the complete 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 mentioned as of March 31, 2021, it had inter-corporate deposits given to sure promoter group firms and recoverable amounting to Rs 489.29 crore and curiosity thereon amounting to Rs 68.42 crore mendacity excellent.