In today’s briefing:
- A Closer Look at Gravita India’s Qualified Audit Opinion
A Closer Look at Gravita India’s Qualified Audit Opinion
- Gravita India (GRAV IN) faced a Qualified Audit Opinion over share sale proceeds’ reporting by its Employee Welfare Trust.
- The dispute centers on whether to record these proceeds in the P&L or Balance Sheet, impacting transparency and financial metrics.
- This dispute reduced the PBT by 7.54% and EPS by 8.66% decrease in Q4 FY24.
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