The company intends to pursue legal action in response to the aforementioned order, as it has already deposited the differential duty with interest, yet the authority has failed to acknowledge this.
During the quarter ending on September 30, 2023, the company reported an impressive increase of 68.76% in its consolidated net profit. In Q2 FY24, its profit after tax reached Rs 1,280.38 crore, a significant rise from the Rs 758.70 crore it achieved in the same quarter of the previous fiscal year.
In Q2 FY24, the company’s total consolidated income reached Rs 16,179.26 crore, marking a growth of 15.25% compared to the Rs 14,038.95 crore it earned in the corresponding quarter of the previous year.
As of September 30, 2023, the company’s financial position was as follows: its net worth amounted to Rs 58,203.83 crore, with a debt-equity ratio of 0.18, total debts to total assets ratio at 11%, a current ratio of 1.05, a current liability ratio of 51%, an operating margin of 16%, and a net profit margin of 8%